Gaw Capital to increase its footprint in Southeast Asia

August 16, 2022 | 14:20

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The pan-Asian private equity firm Gaw Capital is scouring Southeast Asia, including Vietnam, in search of potential investment opportunities in the real estate technology sector.

Gaw Capital to increase its footprint in Southeast Asia

Hongkong-based private equity fund Gaw Capital is betting on the Southeast Asian market

According to Herbin Koh, director and head of Venture and Growth Equity at Gaw Capital, real estate and associated industries represent a vast potential for the fund.

Koh said that around $100 million is available from Gaw Capital's Growth Equity Fund I for its deployment in Southeast Asia, cited Dealstreetasia. Last year, the fund closed around $430 million, including co-investment commitments from limited partners.

“After the acquisitions of a mixed-use development project (Empire City) through Gateway Real Estate Fund III and a mixed-use business park development using balance sheet capital in Ho Chi Minh City, Gaw Capital Partners further increased its presence in the Vietnamese market and debuted its fund management services with Gaw NP Capital Vietnam Fund I in 2015,” the fund noted on its website.

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In Vietnam, Gaw Capital has successfully exited several prominent projects, including Indochina Plaza (Hanoi), Hyatt Regency (Danang), Malibus Villa (Danang), and Park City (Ho Chi Minh City).

Gaw Capital is also a backer of Vietnam’s property tech startup Propzy.

In 2020, Propzy secured $25 million in its series A round, led by Gaw Capital and SoftBank Ventures Asia, the early-stage venture arm of SoftBank Group. Other investors included Next Billion Ventures, RHL Ventures, Breeze, FEBE Ventures, RSquare and Insignia.

By Luu Huong

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