Gaw Capital Partners on Friday announced the final closing of its proptech-oriented Gaw Growth Equity Fund I, bringing total equity raised for the fund (including co-investments) to $430 million.
Launched in late 2020, the investment vehicle backs high-growth, Asia-focused companies operating in proptech and operational businesses related to real estate. Minus the co-investment deals, the fund closed with $332 million in capital commitments and is about one-third committed, Gaw said in a release.
Limited partners in the venture include sovereign wealth funds, endowments and other institutional investors that have invested in previous Gaw vehicles, as well as new partners.
“We are delighted to be closing Gaw Growth Equity Fund I successfully in such a short time,” said Christina Gaw, managing principal and co-chair of alternative investments for the family-headed private equity firm. “The institutional investors’ commitments to our Gaw Growth Equity Fund I reflects their readiness to allocate more of their capital towards proptech and ESG related investments, given the attractive market opportunity and rapid growth of the sector.”
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