Gaw Capital Partnersは運用中のファンドを通して、コンソーシアムのパートナーと共に、2018年3月と2019年3月に、29件の香港ベースのコミュニティーショッピングセンターと関連施設を取得しました。Gaw Capital Partnersは、公共不動産付近の29件以上の資産と施設の運営を正式に開始し、「民坊（People's Place）」を構築しました。「民（People）」は一般人と住居を表しており、「坊（Place）」は巧みに管理されたコミュニティーのみならず、美徳と伝統がある場所に対するイディオム的な中国の表現を意味しています。また、「坊」は、現地の近隣の団結も暗示しています。「民坊（People's Place）」は活気に溢れ、居心地の良い生活環境で見知らぬ者を団結させ、気持ちや思いやりが豊かな場所を表しています。「民坊（People's Place）」は、空間を時代遅れの商用施設をクリエイティブで活気あるコミュニティーハブに転換させることを目指しています。
中国で経験豊かな教育者と提携し、Gaw Capitalは中国での国際的な芸術教育プラットフォームであるStellart International School of Arts （SISA ）の開発と運営に投資してきました。このプラットフォームは、広州南駅から国内的に優れた接続性を有する仏山の南海にある三山ニュータウンにある便利な商業用地で誕生しました。敷地は約50,000m²の総床面積を有しています。SISAブランドで運営され、Gaw Capital Partnersにより開発されたこのスクールは6階建ての校舎と7階建ての寮に最大600人の高校生を収容します。 
August 14, 2020, Beijing – Beike, the leading integrated online and offline housing transaction and service platform in China, which received investment from real estate private equity firm Gaw Capital Partners in Series D financing round through a fund under its management, today announced its successful Initial Public Offering under the ticker symbol “BEKE”. The open price is US$35.06 per share and the close price is US$37.44, up 87.2% from its IPO price of US$20, valuing company at US$42.2 billion at its closing price.
Beike’s gross transaction value (GTV) reached about RMB 2,13 billion in 2019. Their revenue has significantly increased by 60.6% from RMB 28.6 billion in 2018 to RMB 46.0 billion (US$6.5 billion) in 2019. Beike has grown to the largest online and offline real estate brokerage platform for housing transactions and services. It is also the second largest commerce transaction platform after Alibaba.
Beike focuses on three main businesses, including realtor service for new homes, existing homes and other emerging business, aspiring to provide comprehensive and trusted housing services to 300 million families. Based on the prospectus, as of June 30, 2020, Beike’s platform had over 265 real estate brokerage brands, over 42,000 community-centric stores and over 456,000 agents across 103 economically vibrant cities in China.
Humbert Pang, Managing Principal and Head of China for Gaw Capital Partners, said, “We are delighted to congratulate Beike on its successful IPO on the New York Stock Exchange. Beike is the first Gaw Capital’s private equity investment in prop tech category that has made its successful IPO. Within the traditional brick-and-mortar real estate sector, Beike enhances the deal efficiency and creates more value-added services through technology. This coincides with Gaw Capital’s strategy of embracing new investment opportunities in both asset-heavy and asset-light models in the new economic environment.”
Gaw Capital Partners believes that technology will play an even more significant role in China’s real estate industry in the coming years. With Beike’s creation of an integrated online and offline ecosystem and infrastructure for residential property industry in China, it will have a significant part to play across core segments within the industry. The open technology-led platform will transform the traditional residential property brokerage industry and create significant value.
Gaw Capital has invested in several private equity-type investments through its funds under its management and separate account investments in recent years in China, including Ziroom, the largest asset management player in the co-living space in China; Candao, a Chinese start-up specializing in food delivery management services; and Tencent Trusted Doctors, a leading online-offline medical service provider in China combining online doctor-to-patient services with offline facilities.