Abu Dhabi Investment Authority (ADIA) became the largest investor in Gaw鈥檚 internet data centre (IDC) platform鈥檚 US$1.3bn (鈧�1.1bn) fundraise.
Christina Gaw, managing principal and head of capital markets, said that a subsidiary of ADIA was the largest investor in the IDC platform. It had co-invested alongside other global institutional investors which had made additional investments in Gaw鈥檚 IDC platform.
鈥淭he commitments we have received are a strong vote of confidence in Gaw Capital鈥檚 approach to IDC assets,鈥� she said, adding that Gaw Capital had 鈥渇urther plans to grow into other Asia regional markets鈥�.
Gaw Capital launched IDC in October last year. Its target is to invest in a portfolio of projects in partnership with IDC developers and operators in China.
In November 2019, Gaw Capital launched a separate joint venture with Centric, a Chinese data centre developer. At the time, Gaw Capital said it formed the joint venture on behalf of its newly-launched IDC Fund.
Humbert Pang, Gaw Capital鈥檚 managing principal and head of China, said the firm was teaming with industry leaders to invest in IDC projects.
鈥淲e have seen good results, thanks to our operating partners鈥� strong execution capabilities,鈥� he said.
鈥淎mid the backdrop of the pandemic and rapid adoption of 5G in China, there is strong demand for data processing services because of social distancing measures.鈥�
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