Advertisement
Canada markets open in 8 hours 57 minutes

  • S&P/TSX

    21,873.72
    -138.00 (-0.63%)
     

  • S&P 500

    5,071.63
    +1.08 (+0.02%)
     

  • DOW

    38,460.92
    -42.77 (-0.11%)
     

  • CAD/USD

    0.7303
    +0.0006 (+0.08%)
     

  • CRUDE OIL

    82.89
    +0.08 (+0.10%)
     

  • Bitcoin CAD

    87,982.78
    -3,365.44 (-3.68%)
     

  • CMC Crypto 200

    1,384.41
    -39.69 (-2.79%)
     

  • GOLD FUTURES

    2,325.20
    -13.20 (-0.56%)
     

  • RUSSELL 2000

    1,995.43
    -7.22 (-0.36%)
     

  • 10-Yr Bond

    4.6520
    +0.0540 (+1.17%)
     

  • NASDAQ futures

    17,456.00
    -208.50 (-1.18%)
     

  • VOLATILITY

    15.97
    +0.28 (+1.78%)
     

  • FTSE

    8,040.38
    -4.43 (-0.06%)
     

  • NIKKEI 225

    37,694.43
    -765.65 (-1.99%)
     

  • CAD/EUR

    0.6818
    -0.0001 (-0.01%)
     

UPDATE 1-Starwood Capital raises $10 billion for latest real estate fund

Reuters
·1 min read

(Adds notable deals)

Oct 15 (Reuters) - Starwood Capital Group said on Friday it had raised $10 billion for its latest real estate fund, bringing the U.S. investment firm's total assets under management to over $95 billion.

The fundraise for Starwood Distressed Opportunity Fund XII exceeded the $7.6 billion it had raised for a similar fund in 2018, the company said.

The Miami, Florida-based firm has already closed or committed to 25 deals requiring over $3.5 billion of equity, it said.

Besides the United States, these investments were made in firms in Australia, England, Denmark, Ireland, Italy, Japan and Spain, the company said.

The fund was also involved in a transaction that took Extended Stay America private in June. The hotel operator was acquired by Starwood and Blackstone Group Inc in a deal valued at $6 billion. (Reporting by Niket Nishant in Bengaluru; Editing by Arun Koyyur and Anil D'Silva)