– Starwood Capital closed its latest opportunistic real estate fund, Starwood Distressed Opportunity Fund XIII (SOF XIII), with more than $10.2 billion in capital commitments.
– The firm’s total assets under management have grown to approximately $130 billion.
– SOF XIII will invest globally across real assets, with flexibility across asset classes, geographies and the capital stack.
– Primary investment focus will be on the United States and Europe, with selective opportunities in Asia Pacific.
– Target sectors include residential, data centers, industrial and hospitality.
– The fund attracted more than 300 new and existing investors from around 20 countries.
– Investors include pension funds, sovereign wealth funds, foundations, endowments, wealth managers, family offices and high-net-worth individuals.
– Starwood Capital and related parties committed $100 million to the fund.
– Barry Sternlicht highlighted the firm’s strong investor support, experienced team and ability to capitalize on attractive real estate opportunities across market cycles.
– Jonathan Pollack emphasized Starwood Capital’s team of more than 350 investment professionals, expanding global presence and favorable market dynamics driven by slowing supply and growth in technology and manufacturing.
– SOF XIII has already closed or committed to 20 transactions.
