Gaw closes fourth property fund at $1 billion

Hong Kong-based Gaw Capital has closed its fourth Asian property fund at $1 billion, with most of the capital aimed chiefly at opportunistic real estate deals in Greater China. Gateway Real Estate Fund IV started raising capital early last year with a target of $800 million. At $1 billion – the fund’s hard cap – it is the property private equity firm’s largest vehicle, at nearly three times the size of Fund III, which closed in 2010 at $373.5 million.                The limited …