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Fundraising - APRIL 18, 2018

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Starwood Capital holds $7.55b final close for largest fund in history

by Jody Barhanovich

Starwood Capital Group, a global private investment firm, has held a $7.55 billion final close for its 11th opportunistic real estate fund, Starwood Global Opportunity Fund XI (SOF XI). SOF XI is the firm’s largest fund in its history.

“We continue to invest prudently and will remain focused on investments with stable and growing cash yields in the United States and Europe,” said Barry Sternlicht, chairman and CEO.

The fund received equity from more than 100 LPs, including pension, sovereign wealth fund, foundation/endowment, wealth manager, family office and high-net-worth investors from 30 countries including the United States and Canada, as well as others located in Asia, the Middle East, South America and Europe.

SOF XI already has closed 17 transactions through the end of March, representing more than $5 billion in total assets, said Lanhee Yung, managing director of Capital Raising & Investor Relations.

The fund’s predecessor, Starwood G

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