Miami Beach-based Starwood Capital Group has raised $2.86 billion across three new private credit funds and related investments, further expanding its global real estate lending platform.
The firm closed on commitments for Starwood Real Estate Debt Strategies U.S., Starwood European Real Estate Debt Finance II, and Starwood Australian Real Estate Debt Finance Trust I. The funds will provide flexible financing to real estate borrowers worldwide.
“As traditional lenders pull back, our experience allows us to deliver high-quality financing at attractive yields,” said Starwood Capital Chairman Barry Sternlicht.
Founded in 1991, Starwood Capital has raised more than $85 billion and manages about $115 billion in assets globally.
Starwood also manages Starwood Property Trust, a publicly traded commercial mortgage REIT with more than $25 billion in debt and equity investments. The company has deployed over $102 billion in capital since its founding. Overseas, it has deployed more than $4 billion in private debt funds targeting global real estate opportunities.
In Miami, Starwood is an active player in both lending and development. In January, its property trust provided a $63.5 million bridge loan to Neology Development Group for Fourteen Main Street Residences in Miami. The firm also owns the 1 Hotels brand, including a Miami Beach location, and is partnering with Fontainebleau Development on 1 Homes Jupiter Island.
