Gaw Capital () is a real estate private equity fund management firm headquartered in

Hong Kong Hong Kong ( (US) or (UK); , ), officially the Hong Kong Special Administrative Region of the People's Republic of China ( abbr. Hong Kong SAR or HKSAR), is a city and special administrative region of China on the eastern Pearl River Delt ...

. In 2022, the firm was ranked by PERE (under

Private Equity International ''Private Equity International'' (PEI) is a global insight, analysis and data provider for the private equity industry, with a core focus on the relationship between investors and fund managers: the LP-GP nexus. Launched in December 2001, the tit ...

) as the 11th largest Private Equity Real Estate firm based on total fundraising over the most recent five-year period.

Background

Gaw Capital was founded in 2005 by Goodwin Gaw and his brother Kenneth Gaw. Their father was

Anthony Gaw Anthony T. Gaw (8 November 1941 – 8 February 1999) was a Hong Kong property investor, the chairman and managing director of Pioneer Global Group, a Hong Kong Stock Exchange-listed conglomerate, principally involved in investment in properties ...

, the founder of Pioneer Global Group, a listed Hong Kong real estate development company. The firm's investments span the entire spectrum of real estate sectors, including residential development, offices, retail malls, serviced apartments, hotels, logistics warehouses and IDC projects. In recent years the firm has also invested in

Property technology Property technology (also known as proptech, PropTech, prop-tech, and real estate technology) is used to refer to the application of information technology and platform economics to the real estate industry. Property technology overlaps with financ ...

companies such as Beike, SensorFlow and Ziroom. Gaw Capital is headquartered in Hong Kong with offices in

London London is the capital and largest city of England and the United Kingdom, with a population of just under 9 million. It stands on the River Thames in south-east England at the head of a estuary down to the North Sea, and has been a majo ...

Shanghai Shanghai (; , , Standard Mandarin pronunciation: ) is one of the four direct-administered municipalities of the People's Republic of China (PRC). The city is located on the southern estuary of the Yangtze River, with the Huangpu River flow ...

Singapore Singapore (), officially the Republic of Singapore, is a sovereign island country and city-state in maritime Southeast Asia. It lies about one degree of latitude () north of the equator, off the southern tip of the Malay Peninsula, borde ...

Seoul Seoul (; ; ), officially known as the Seoul Special City, is the capital and largest metropolis of South Korea.Before 1972, Seoul was the ''de jure'' capital of the Democratic People's Republic of Korea (North Korea) as stated iArticle 103 ...

Tokyo Tokyo (; ja, 東京, , ), officially the Tokyo Metropolis ( ja, 東京都, label=none, ), is the capital and largest city of Japan. Formerly known as Edo, its metropolitan area () is the most populous in the world, with an estimated 37.468 ...

Los Angeles Los Angeles ( ; es, Los Ángeles, link=no , ), often referred to by its initials L.A., is the largest city in the state of California and the second most populous city in the United States after New York City, as well as one of the world' ...

San Francisco San Francisco (; Spanish language, Spanish for "Francis of Assisi, Saint Francis"), officially the City and County of San Francisco, is the commercial, financial, and cultural center of Northern California. The city proper is the List of Ca ...

and

Seattle Seattle ( ) is a seaport city on the West Coast of the United States. It is the seat of King County, Washington. With a 2020 population of 737,015, it is the largest city in both the state of Washington and the Pacific Northwest regio ...

. Previous investments have included

Ambassador East The Ambassador Chicago, known for many decades as the Ambassador East, is a historic hotel in Chicago, established in 1926. In their heyday, both the hotel and its iconic restaurant, The Pump Room, were frequented by celebrities. Location The h ...

Cityplaza Cityplaza () is an office and shopping development, developed by Swire Properties, at 18 Taikoo Shing Road, Taikoo Shing, Hong Kong. It is adjacent to Taikoo Place, another office complex developed by Swire. The six-level shopping cen ...

Columbia Center The Columbia Center, formerly named the Bank of America Tower and Columbia Seafirst Center, is a skyscraper in downtown Seattle, Washington, United States. The 76-story structure is the tallest building in Seattle and the state of Washington, r ...

InterContinental Hong Kong The Regent Hong Kong is five-star hotel located at 18 Salisbury Road, Kowloon, Hong Kong. The hotel is on the harbour, offering views of Victoria Harbour and is close to various tourist attractions. The hotel has 497 rooms and 85 suites and is c ...

Lloyd's building The Lloyd's building (sometimes known as the Inside-Out Building) is the home of the insurance institution Lloyd's of London. It is located on the former site of East India House in Lime Street, in London's main financial district, the City of ...

Novotel Nathan Road Kowloon Hong Kong Novotel Hong Kong Nathan Road Kowloon () is a 4-star hotel in Kowloon, Hong Kong. Formerly known as the Majestic Hotel, the hotel reopened in April 2008, following a HK$188 million (approx US$24 million) refurbishment programme, upgraded to 4-st ...

Paddington Waterside Paddington Waterside is a developed area around Paddington Station in London. The Paddington Special Policy Area covers a region almost the size of Soho, creating about of space between 1998 and 2018. Coordinated by the Paddington Waterside P ...

Ovation Hollywood Ovation Hollywood (formerly Hollywood & Highland) is a shopping center and entertainment complex in the Hollywood district of Los Angeles, California, United States. Located at the intersection of Hollywood Boulevard and Highland Avenue, the sho ...

, People's Place and The Standard High Line hotel.

Funds

Controversies

Email fraud

In December 2017, Gaw Capital transferred HK$39 million ($5 million) from a client's bank account to the bank account of a fraudster. The fraudster posed as a client and sent instructions to the firm for the withdrawal of funds. The firm discovered what had happened after the actual client contacted it. A spokesperson for Gaw Capital stated the bank account in question was frozen and most of the funds transferred were retrieved.

Lawsuit over The Standard High Line hotel

In November 2017, Gaw Capital acquired The Standard High Line hotel in New York for $323 million. In November 2021,

Wells Fargo Wells Fargo & Company is an American multinational financial services company with corporate headquarters in San Francisco, California; operational headquarters in Manhattan; and managerial offices throughout the United States and intern ...

and

Apollo Global Management Apollo Global Management, Inc. is an American global private-equity firm. It provides investment management and invests in credit, private equity, and real assets. As of March 31, 2022, the company had $512 billion of assets under management, ...

sued Gaw Capital in attempt to foreclose the hotel after the firm failed to make payments on a $170 million loan since May 2020. Gaw Capital stated that the fault lied with Apollo Global Management who refused to accept the firm's settlement offer and put financial greed above all the other parties.

References

External links

* https://www.gawcapital.com/ (Company Website) {{DEFAULTSORT:Gaw Capital 2005 establishments in Hong Kong Companies established in 2005 Companies of Hong Kong Financial services companies established in 2005 Investment companies of Hong Kong Private equity firms of Asia-Pacific