Starwood Capital Group has raised $5.6 billion to date for its Starwood Opportunity Fund XI Global.
The fund was launched in 2016, with a target set between $5 billion and $6 billion. Investors in the fund include: Illinois Municipal Retirement Fund, Houston Municipal Employees’ Pension System (HMEPS), New Mexico Public Employees Retirement Association, Teachers’ Retirement System of the State of Illinois, University of Vermont, Teacher Retirement System of Texas, South Dakota Investment Council, State Oil Fund of the Republic of Azerbaijan (SOFAZ), Florida State Board of Administration (SBA), Texas County and District Retirement System, and Connecticut Retirement Plans and Trust Funds.
The firm will use the capital to invest opportunistically across property sectors in North America, Western Europe and Latin America.