April 18, 2024

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[THE INVESTOR] Hong Kong-based real estate private equity firm Gaw Capital Partners is seeking a fresh 200 billion won (US$179.41 million) funding from Korean institutional investors for investing in the US, the Maeil Business news reported on July 24.

This is the third round of funding after Gaw’s successful investments in US properties in recent years. 

Gaw looks to raise half of the US Value Add Fund worth 400 billion won from large Korean investors such as pension funds and mutual aid associations, the report said.

The new fund aims to invest in undervalued commercial buildings in the US and is seeking profits by refurbishing them and attracting new tenants. Gaw predicts an annual return rate of about 15 percent.

Gaw’s second-round funding worth about 400 billion won was invested in 12 US properties since 2015, including the latest purchase of Oakland Marriott City Center in California in June.

By Park Ga-young (gypark@heraldcorp.com)