Gaw Capital Partners has raised $250 million in a first close for its U.S. Value Add Fund II.
An official announcement has not been released.
The fund launched in June 2017 with a $400 million fundraising target.
The firm closed its predecessor vehicle with $315 million in October 2015 and it’s fully invested. Its final purchase was the Oakland Marriott City Center in California for $143 million, announced in June 2017. Additional properties under Fund I include Public Hotel in Chicago, Hilton Del Mar near San Diego, Courtyard Oakland in downtown Oakland, Graduate Hotels — a platform with 10 hotels and 1,544 keys for creating boutique hotels in the vicinity of U.S. college campuses, the MacArthur in Los Angeles, and offices in San Fran
