Investors - JANUARY 4, 2018

To read this full article you need to be subscribed to Newsline.

Sign in Sign up for a FREE subscription

Ohio Bureau of Workers commits $50m to Gaw Capital fund

by Jody Barhanovich

The $27.4 billion Ohio Bureau of Workers’ Compensation committed $50 million to Gaw Capital’s U.S. Value Add Fund III.

As with its predecessor funds, the strategy behind Fund III will center on the acquisition and repositioning/redevelopment of “creative office” and “creative hospitality” assets in U.S. markets populated by young, well-educated populations and experiencing strong employment growth.

The fund has a $400 million hard cap and is expected to close in first quarter 2018, according to a report from Ohio BWC. The fund has already closed on $250 million of capital commitments.

The fund previously received a $50 million commitment from the $21.1 billion San Francisco City & County Employees’ Retirement System as well.

Previous funds in Gaw Capital’s fund series include Gaw U.S. Fund

Forgot your username or password?

We use cookies and other tracking technologies to personalize your user experience on our site and perform site analytics. By clicking on “I accept”, you consent to our Privacy Policy.