Gaw Fund Risks Default on $260 Million Shanghai Property Loan
A fund led by private equity firm Gaw Capital Partners failed to repay a $260 million loan tied to a Shanghai office tower that was due this week, according to...
By Apple Ka Ying Li, Janice Huang, Kari Soo Lindberg · Bloomberg Markets
A fund led by private equity firm Gaw Capital Partners failed to repay a $260 million loan tied to a Shanghai office tower that was due this week, according to people familiar with the matter, in a fresh sign of rising default risks in China’s battered real estate market.