Gaw Capital raises record US$2.2bn for Asia real estate fund

Hong Kong-based Gaw Capital Partners has raised US$2.2bn in the final closing of its Gateway Real Estate Fund VI, marking the firm’s largest fund to date. Gaw Capital also secured a sidecar co-investment commitment of up to US$800m. The fund received commitments from sovereign wealth funds, endowments, pension funds and other institutional investors, with 46% from Europe, 37% from Asia…

Major banks mark first-ever international trade using Blockchain Tech

The first cross-border transaction between banks using multiple blockchain applications has taken place, Commonwealth Bank of Australia and Wells Fargo & Co said on Monday, resulting in a shipment of cotton to China from the United States. Australian cotton trader Brighann Cotton Marketing bought the shipment bound for the port city Qingdao from U.S. division Brighann Cotton in Texas, the…