Starwood Capital tops $10 billion hard cap in latest fund close pionline.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from pionline.com Daily Mail and Mail on Sunday newspapers.
Starwood Capital Group, a global private investment firm, announced the closing of its latest opportunistic real estate fund, Starwood Distressed Opportunity Fund XII (SOF XII), with capital commitments exceeding $10 billion, surpassing the $7.6 billion raised for its predecessor vehicle, SOF XI.
Starwood Capital Group has wrapped up its 12th opportunistic real estate fund after hitting its hard cap with more than $10 billion in capital commitments from limited partners, representing the largest fundraise in firm history, Starwood said Friday.
Starwood Capital Group said on Friday it had raised $10 billion for its latest real estate fund, bringing the U.S. investment firm's total assets under management to over $95 billion.