>Starwood Capital raises $2.8 billion for real estate funds

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>The Starwood Global Opportunity Fund VIII, which will target distressed debt and properties, has raised more than $1.8 billion. The Hospitality Fund II, which will invest in hotels, raked in almost $1 billion, the agency said.

Starwood, led by real estate developer Barry Sternlicht, had in the past raised about $10 billion of equity for 11 funds and other investments, the agency said.

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