Evelyn Lee
The Dallas-based private equity firm has moved its head of Asia into a new role and is eliminating 25 positions in the region.
The high-profile departure comes two years after the New York-based investment bank’s reorganization of its property businesses.
Starwood now expects less troubled deal flow to emerge in the non-performing-loan space from the current pandemic crisis than it did before. But that should not worry investors which committed to its latest ‘distressed’ fund.
The Miami Beach-based private investment firm will be the third private real estate manager to amass double-digit billions for a single property fund.