Starwood Capital Group, the firm led by Barry Sternlicht, is understood to be in early talks for a new distressed real estate fund.
The fund would follow that of its Distressed Opportunity Fund XII, which closed in October 2021 with more than $10bn (£7.9bn) of commitments.
The planned launch comes just weeks after Sternlicht said commercial real estate was in a “category 5 hurricane” and that Starwood was well placed to capitalise on the distress.
