NEW YORK, February 17, 2014 /PRNewswire/ -- Gaw Capital Partners USA is pleased to announce the appointment of Roman Nemtsov as Senior Vice President, Investments. Mr. Nemtsov will be based in the soon-to-be opened Chicago office and is responsible for U.S. investments for the firm, focusing on overseeing Gaw Capital's recently established hospitality venture, as well as development of new joint ventures in the U.S. Additionally, Mr. Nemtsov will assist in overseeing the operations of Gaw Capital U.S. Value-Add Fund.
Prior to joining Gaw Capital Partners, Mr. Nemtsov was a Consultant and founding member of R.V. Kuhn's and Associates Real Estate Consulting Group. He served as a lead consultant on RVK's largest state and municipal public funds, endowment and foundation (E&F), and corporate clients with combined allocation to real estate in excess of $6 billion. In 2013, Mr. Nemtsov led the sale of the largest real estate secondary transaction comprised of 25 real estate limited partnership interests with aggregate market value of $925 million.
Gaw Capital Partners USA is an entity of Gaw Capital Partners, a Hong Kong-based private equity real estate fund management company with a strong geographic focus on Greater China and the Asian real estate markets in the past. Gaw Capital Partners currently manages four real estate funds targeting the Greater China and Asia Pacific region, while Gaw Capital Partners USA provides services for separate account direct investment and private equity real estate fund management in the U.S. and U.K. markets. Timothy Walsh, the former Chief Investment Officer and director of New Jersey Division of Investment, New Jersey's USD$74 billion pension fund, joined Gaw Capital Partners USA as President and Chief Operating Officer in 2013 and has been recruiting top talents from the industry to further expand Gaw Capital Partners' existing operation in the U.S.
"I am excited to join Gaw Capital Partners team," said Roman Nemtsov. "I look forward to contributing to the growth of our U.S. operations by delivering exceptional investment performance and outstanding service to our global client base."
Gaw Capital Partners USA, together with its associate Downtown Properties, is currently managing a U.S. club vehicle with more than $868 million asset under management in 10 investments with a projected IRR in excess of 20%. In the last three years, Gaw Capital and Downtown Properties have also assisted strategic Asian institutional investors in seven separate account direct investments in the U.S. and U.K. Notable transactions include 333 Market Street in San Francisco in 2010, Three First National Plaza in Chicago in 2011, Vintners' Place in London in 2012, the Lloyd's building in London in 2013 and Waterside House Paddington London in 2013.
Goodwin Gaw, Chairman and Managing Principal of Gaw Capital Partners, commented, "We are grateful to have Roman joining our US team at this exciting phase in its evolution. He would make a valuable addition to our fast growing family with his in-depth experience in proactive sourcing, due diligence, and structuring of investment opportunities of commingled funds, separate accounts, co-investments, secondary fund interests, and direct assets spanning all major property types and geographies."
About Gaw Capital Partners
Gaw Capital Partners is a uniquely positioned private equity fund management company that focuses in real estate markets in greater China and other high barrier-to-entry markets.
Specializing in adding strategic value to under-utilized real estate through redesign and repositioning, the firm's investments span the entire spectrum of real estate sectors, including residential development, commercial offices, retail malls, serviced apartments, and hotels. Gaw Capital Partners runs an integrated business model with its own in-house asset management operating platforms in retail, hospitality and property development.
Gaw Capital Partners currently manages four real estate funds targeting the Greater China and Asia Pacific region, while the newly-created Gaw Capital Partners USA provides services for separate account direct investment and private equity real estate fund management in the U.S. and U.K. markets. Gaw Capital Partners has raised equity in excess of US$3.567 billion since 2005 and currently commands assets of US$7.466 billion under management encompassing residential developments, retails centers, hotels and commercial properties.
