Real estate private equity firm Gaw Capital Partners acted as co-capital sponsor in the first close of US$550 million for a China outlet mall investment fund. The ERES APAC II – China Outlet Mall Fund is backed by Allianz, Gaw Capital Partners, and TIAA General Account, a Frankfurt-based German asset management company, among others. Allianz is the largest investor with a 30% stake in the platform, while Gaw Capital acted as co-capital sponsor and advisor, as well as a substantial … Gaw Capital-Backed China Outlet Mall Fund Reaches First Close Of $550M appeared first on China Money Network.