Starwood Capital Closes $10.2B Opportunistic Fund

Starwood Capital Group has held the final closing of Starwood Distressed Opportunity Fund XIII, raising more than $10.2 billion in capital commitments from over 300 new and existing investors across approximately 20 countries.

SOF XIII will focus primarily on the U.S. and Europe, with selective exposure to Asia Pacific, targeting residential, data center, industrial, and hospitality assets. The fund has already closed or committed to 20 transactions representing more than $3 billion in equity deployed since launch.

“We are seeing strong tailwinds driven by slowing supply in traditional real estate asset classes and tremendous growth in technology and manufacturing — this is an exciting time to be investing in real estate,” said Jonathan Pollack, president, Starwood Capital Group.

The investor base spans pensions, sovereign wealth funds, foundations, endowments, wealth managers, family offices, and high-net-worth individuals. Starwood Capital and related parties committed $100 million to the fund alongside outside investors.

The closing brings Starwood Capital’s total assets under management to approximately $130 billion across all investment vehicles. The firm also manages Starwood Property Trust, which has deployed more than $117 billion of capital since inception and currently oversees a portfolio of more than $31 billion across debt and equity investments.