Gaw Capital Partners raises $412m

The Hong Kong based real estate fund manager has announced final closing on its third US value-added fund.

Gaw Capital Partners held a final close for its Gaw Capital US Fund III at $412 million. The fund was launched in June 2017, with an initial $400 million target.

The fund has attracted commitments from investors who have invested in Gaw Capital’s previous funds, as well as new investors. Some of the investors fund include the San Francisco Employees’ Retirement System and the Ohio Bureau of Workers’ Compensation.

The firm will use the capital to make value-added investments in hospitality and office sector in North America.