The Greenwich, Connecticut-based firm, led by Barry Sternlicht, has commenced fundraising for Starwood Distressed Opportunity Fund IX, targeting between $2 billion and $3 billion. The firm's hospitality fund series, however, will come to an end.
Armed with a 'premier list' of real estate fund managers, the private markets team of the Teacher Retirement System of Texas, led by Steve LeBlanc, spoke about its vision for the portfolio and how it could be even tougher to get through its doors in the future.
As California’s Fair Political Practices Commission investigates 49 CalPERS investment staff for gift reporting, CalSTRS officials, including Mike DiRe, have personally signed a letter saying they ‘stand by and support’ their counterparts.
Former Prudential Real Estate Investors executive Robert Bilse has been appointed vice president of Brookfield’s private funds group, based in New York, supporting capital raising and marketing activities.