Starwood Capital Group closes real estate fund

The Miami-based group closed their latest opportunistic real estate fund at $10bn.

  • Fund: Starwood Distressed Opportunity Fund XII
  • Amount raised: $10 billion
  • Target Size: $10 billion
  • Stage of fundraising: Final close
  • Final close: October 2021
  • Predecessor fund: Starwood Distressed Opportunity Fund XI ($7.6 billion)

The private investment firm Starwood Capital Group has closed its most recent opportunistic real estate fund, Starwood Distressed Opportunity Fund XII, at $10 billion. The fund surpassed its predecessor, Starwood Distressed Opportunity Fund XI, which closed at $7.6 billion in 2018. Alongside its existing commitments, Starwood Capital’s assets under management now total to over $95 billion.