Starwood Capital closes private credit vehicles at $2.86bn
Starwood Capital Group has closed its latest private credit-focused vehicles with total capital commitments of $2.86bn (£2.1bn).
The successful completion of the fundraises for Starwood Real Estate Debt Strategies US, Starwood European Real Estate Debt Finance II, and Starwood Australian Real Estate Debt Finance Trust I, marks a milestone in the expansion of the firm’s real estate credit business.
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Through its private investment vehicles and Starwood Property Trust, the private investment firm has completed over $100bn of lending transactions since 2010.
“We’re incredibly excited to leverage our team’s expertise and continue building on Starwood Capital’s long-standing success in real estate credit,” said Barry Sternlicht, chairman and chief executive of Starwood Capital.
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“As traditional lenders pull back in the face of regulatory and macroeconomic headwinds, Starwood Capital’s depth of experience uniquely positions us to provide flexible, high-quality financing solutions at compelling yields through a variety of credit products.”
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