Starwood Capital Group has held closings for its private credit–focused vehicles: Starwood Real Estate Debt Strategies U.S. (SREDS), Starwood European Real Estate Debt Finance II (SEREDF II) and Starwood Australian Real Estate Debt Finance Trust I (SAREDF). Together with related co-investment vehicles, these closings represent total capital commitments of $2.86 billion.
“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 CEO of Starwood Capital. “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.”
Jonathan Pollack, president of Starwood Capital, added, “Our scale, expertise and ability to act decisively enables