Starwood Capital Group closed its SOF XIII real asset fund with over $10.2 billion in commitments, bringing total assets

Starwood Capital Group, a leading global private investment firm, announced the successful final closing of Starwood Distressed Opportunity Fund XIII on July 1, 2026. The fund exceeded $10.2 billion in capital commitments, and when combined with existing commitments to Starwood Capital's other investment vehicles, the firm's total assets under management now reach approximately $130 billion.

SOF XIII maintains a flexible approach across real assets globally, with the ability to shift between asset classes, geographies and positions in the capital stack. The fund will primarily target the United States and Europe, with selective opportunities in Asia Pacific. Its investment focus encompasses a strategic mix of residential, data center, industrial and hospitality assets.

The fund attracted more than 300 new and existing investors from approximately 20 countries. This diverse investor base includes pension funds, sovereign wealth funds, foundations, endowments, wealth managers, family offices and high net worth investors. Starwood Capital Group and related parties committed $100 million to the fund themselves.

Barry Sternlicht, Chairman and CEO, stated: "We are very grateful for our investors' continued strong support. This is a testament to the strength of our team and the trust our LPs place in us. We are excited about the opportunities we have already sourced for this fund and are proud of our track record of delivering results for our investors through market cycles. With our scale, resources and breadth of talent, we are well-positioned to execute on opportunities in this compelling environment for real estate."

Jonathan Pollack, President of Starwood Capital, added: "With a growing team of more than 350 investment professionals and an expanding global footprint, we have the talent, scale and conviction to continue delivering great performance. We are seeing strong tailwinds driven by slowing supply in traditional real estate asset classes and tremendous growth in technology and manufacturing."

Starwood Capital has already closed or committed to 20 transactions in SOF XIII, deploying more than $3 billion of equity. The initial portfolio spans housing, industrial and data center investments across the United States, Europe and Asia.

Since its inception in 1991, Starwood Capital Group has raised over $95 billion of capital. Through its various investment vehicles, including the non-listed REIT Starwood Real Estate Income Trust and Starwood Property Trust, the largest commercial mortgage real estate investment trust in the United States, the firm has invested across virtually every category of real estate globally. Starwood Property Trust has deployed over $117 billion of capital since inception and manages a portfolio of over $31 billion in debt and equity investments. The firm also manages over $6 billion in private debt funds investing across the globe.