Starwood Capital raises US$2.8bn for real estate funds
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Starwood Capital Group LLC, the investment firm, has raised capital of approximately US$2.8 billion for two real estate investment funds, Bloomberg has reported. The first will be the Starwood Global Opportunity Fund VIII, which is worth US$1.8 billion and will target distressed debt and property. The second, the US$1 billion Hospitality Fund II, will invest in hotels, according to the report.
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