The City of Tampa (Fla.) General Employees Retirement Fund has committed $15 million to Starwood Distressed Opportunity Fund XIII, according to meeting materials.
Starwood Distressed Opportunity Fund XIII, a vehicle of Starwood Capital Group, is a closed-end, opportunistic fund that targets diversified properties on a global scale. The fund has a fundraising goal of $10 billion. Its predecessor, Starwood Distressed Opportunity Fund XII, raised $10.1 billion in equity.
Tampa’s General Employee Retirement Fund is a public pension fund with $859 million in total assets under management, as of March 31, 2025. As of then, it had a 15 percent real estate allocation target with $89.3 million in total real estate assets.
