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The $28.6 billion Texas County & District Retirement System has committed an additional $50 million to Starwood Global Opportunity Fund XI, a fund managed by Starwood Capital Group, according to a transaction report.
The pension fund committed an initial $50 million to the Starwood fund in September 2016.
Starwood Global Opportunity Fund XI launched in 2016 with a target equity raise of $6 billion. The closed-end opportunistic fund invests in U.S. and European properties.
Texas County committed $50 million to the fund’s predecessor in 2014.
The predecessor fund, Starwood Global Opportunity Fund X, closed in 2015 with $5.6 billion in equity commitments. It acquires, develops and repositions high-quality assets in nearly every major real estate asset class with strong fundamentals. At the same time, the fund seeks investments that can generate consistent and growi
