Starwood Capital Group has closed its latest opportunistic real estate fund, Starwood Distressed Opportunity Fund XII, with capital commitments exceeding $10 billion, surpassing the $7.6 billion raised for its predecessor vehicle, SOF XI.
Together with existing commitments to other private real estate investment vehicles, Starwood Property Trust, Inc., Starwood Real Estate Income Trust, Inc. and Starwood Energy Partners, Starwood Capital's assets under management now total over $95 billion.
Starwood Capital affiliates have already closed or committed to 25 transactions in SOF XII, requiring over $3.5 billion of equity.
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