Transactions - NOVEMBER 8, 2019

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Gaw forms IDC JV, launches fund

by Released

Real estate private equity firm Gaw Capital Partners has announced that a fund managed by the firm has formed a joint-venture partnership with Centrin Data, an internet data center (IDC) developer and operator, to acquire, develop and operate a portfolio of hyper-scale IDC projects in China.

Gaw Capital will provide expertise in investment underwriting and transaction structuring, project development and management, project financing, corporate governance and capital markets to support future operations, while Centrin Data will focus on site sourcing, IDC design, leasing, operation and financing of the data center, as well as customer service for clients, including government entities, conglomerates and internet companies.

Gaw Capital is raising an “IDC Fund,” which will target investment opportunities in China’s IDC assets. The launch of this new fund reflects increasing investor demand for data center assets in China, thanks to technological advancements in 5G

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