Starwood Capital closes private credit vehicles at $2.86bn

Starwood Capital Group has closed its latest private credit-focused vehicles with total capital commitments of $2.86bn (£2.1bn).

The successful completion of the fundraises for Starwood Real Estate Debt Strategies US, Starwood European Real Estate Debt Finance II, and Starwood Australian Real Estate Debt Finance Trust I, marks a milestone in the expansion of the firm’s real estate credit business.

Through its private investment vehicles and Starwood Property Trust, the private investment firm has completed over $100bn of lending transactions since 2010.

“We’re incredibly excited to leverage our team’s expertise and continue building on Starwood Capital’s long-standing success in real estate credit,” said Barry Sternlicht, chairman and chief executive of Starwood Capital.

“As traditional lenders pull back in the face of regulatory and macroeconomic headwinds, Starwood Capital’s depth of experience uniquely positions us to provide flexible, high-quality financing solutions at compelling yields through a variety of credit products.”