Starwood Capital Group said on Friday it had raised $10bn for its latest real estate fund, bringing the U.S. investment firm’s total assets under management to over $95bn.
The fundraise for Starwood Distressed Opportunity Fund XII exceeded the $7.6bn it had raised for a similar fund in 2018, the company said.
The Miami, Florida-based firm has already closed or committed to 25 deals requiring over $3.5bn of equity, it said.
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Besides the United States, these investments were made in firms in Australia, England, Denmark, Ireland, Italy, Japan and Spain, the company said.
The fund was also involved in a transaction that took Extended Stay America private in June. The hotel operator was acquired by Starwood and Blackstone Group Inc in a deal valued at $6 billion.
Source: Reuters
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