Baker McKenzie has advised Gaw Capital Partners ("Gaw Capital") on the structuring, formation and successful closing of its first commingled growth equity fund, Gaw Growth Equity Fund I, which raised more than USD 430 million (including co-investments closed to date).
Gaw Growth Equity Fund I focuses on investing in proptech and real estate-related operating companies that are high growth and highly scalable, with a primary geographical focus on Pan-Asia.
The Baker McKenzie team was led by Partner Jason Ng, co-chair of the Firm's Global Funds Group, together with Hong Kong-based fund formation specialist, Edwin Wong. They were assisted by a team of funds lawyers including Hayley Irons, Georgiana Kwok, and Da Wang, together with tax and regulatory specialists including Grace Fung in Hong Kong, Darren Yang in Singapore and Patricia McDonald, David Gong, Addison Braendel and Maura Ann McBreen in the United States.
"We are delighted to have assisted our long-standing client to close this deal within a very short time window, which not only reflects investors' strong interest in proptech investments, but is also a testament to Gaw Capital's foresight and ability to identify new opportunities with strong market appeal," Edwin said. "We look forward to continuing to support Gaw Capital with their legal needs as they further grow their growth equity platform across the region."
This deal adds to the long list of transactions on which the Firm has advised Gaw Capital, including the formation and successful closing of Gateway Real Estate Fund VI, L.P., which raised USD 2.2 billion in total equity, and another USD 800 million in sidecar co-investments, the HKD 9.845 billion acquisition of CityPlaza One from Swire Pacific and Swire Properties, and the USD 1.3 billion Internet Data Center platform in China .