Fundraising - APRIL 5, 2013

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Gaw Capital raises $200 million for opportunistic fund

by Sara Kassabian

Hong Kong–based Gaw Capital Partners has raised $200 million in a second close for its opportunistic fund Gateway Capital Real Estate Fund IV. Gateway Fund IV will make opportunistic investments across property sectors in the greater China region.

Gaw Capital Partners declined to comment on fundraising.

Gateway Fund IV has raised a total of $340 million since the fund launched in August 2012. The fund aims to hold its final close in the summer of 2013, at which point it expects to raise between $800 million and $1 billion in capital commitments. Investors in the fund include global pension funds, sovereign wealth funds, endowments, family offices and high-net-worth individuals.

Its predecessor, Gateway Fund III, raised $420 million of its $500 million target at final close in 2011. The fund invested with an opportunistic strategy in second- and third-tier cities in China.

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