Connecticut commits $100m to opportunistic fund
In a move she has considered for a couple of months, Connecticut State Treasurer Denise Nappier has committed $100 million to Starwood Global Opportunity Fund X, an opportunistic fund managed by Connecticut-based Starwood Capital. The commitment was made on behalf of the $28.8 billion Connecticut Retirement Plans and Trust Funds.
SOF X launched in January 2014 looking to raise between $4 billion and $5 billion and had a final close in August, though no final fundraising numbers have been disclosed at this time. Starwood closed its ninth fund in the series in April 2013 with $4.2 billion of total capital commitments from more than 100 investors around the world.
The fund will invest in a wide variety of property types globally with up to half of its in