Kirkland Advises Starwood Capital on Close of $10.2 Billion Opportunistic Real Estate Fund

Kirkland & Ellis advised Starwood Capital Group, a leading global private investment firm, on the successful final closing of its latest opportunistic real estate fund, Starwood Distressed Opportunity Fund XIII (SOF XIII), with capital commitments in excess of $10.2 billion. Together with existing commitments to Starwood Capital's other investment vehicles, the firm's assets under management now total approximately $130 billion. SOF XIII will continue to focus on real assets globally, with the flexibility to shift between asset classes, geographies and positions in the capital stack. SOF XIII will primarily target transactions across the United States and Europe, with selective opportunities in Asia Pacific, and a focus on a strategic mix of residential, data center, industrial and hospitality assets.

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The Kirkland team included investment funds lawyers Joseph Baldwin, Ben Briggs, Kelly Ryan, Paul Sampson, Andy Shiner, Josh Goldberg, Zoë Hamstreet and Peter Tirella; real estate lawyer Jonathan Schechter; tax lawyers Stan Ramsay, Art Ward and David Levy; investment funds regulatory lawyers Scott Moehrke, Thomas Woodhead and John Reinert; and investment funds ERISA lawyer Christine Matott.