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Fundraising - OCTOBER 15, 2021

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Starwood Capital Group completes largest capital raise in the firm’s history

by Kali Persall

Starwood Capital Group has closed its latest opportunistic real estate fund, Starwood Distressed Opportunity Fund XII (SOF XII), with more than $10 billion in capital commitments.

The fund reached its hard cap and significantly surpassed its predecessor vehicle, SOF XI, which closed with $7.6 billion. According to Michael Lefton, managing director and global head of capital raising and investor relations, the diverse investor base includes pensions, sovereign wealth funds, foundations, endowments, wealth managers, family offices and high-net-worth investors from more than 30 countries.

“We are grateful to our new and longtime partners for the trust they continue to place in us as we complete the largest fundraise in Starwood Capital's history,” said Barry Sternlicht, chairman and CEO of Starwood Capital. “Our sourcing capabilities continue to yield a robust pipeline of investment opportunities, and our market expertise around the globe continues to generate attra

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