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Starwood Capital Raises $567M for New Fund

GREENWICH, CT-Starwood Global Opportunity Fund VI, Starwood Capital Group's newest fund, has assembled a portfolio of assets valued at $485 million, which represents roughly $145 million of investor capital.

By John Jordan | Updated on April 19, 2002

GREENWICH, CT-Starwood Capital Group Global LLC reports that it newest fund–Starwood Global Opportunity Fund VI–has acquired a portfolio of approximately $485 million of assets.

Starwood Capital Group officials say that the offering for Starwood Global Opportunity Fund VI closed on Feb. 28 with total proceeds of $567 million from private and institutional capital sources.

As of March 31, the fund had acquired a portfolio valued at $485 million of assets that represented approximately $145 million of investor capital.

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