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Posted on: Aug. 12, 2018, 5:31 p.m.
Barry Sternlicht’s Starwood Property Trust Inc. agreed to buy a General Electric Co. energy-finance business for $2.56 billion to expand beyond real estate holdings. The acquisition includes a roughly $2.1 billion portfolio of 51 loans backed by assets such as pipelines, power plants and wind farms, as well as $400 million of unfunded commitments, Starwood and GE said Wednesday in separate statements, confirming an earlier report by Bloomberg. The project-finance debt unit -- and its 21-person team -- is part ... Full investment news articleRelevent to this post: Advent International Starwood Capital Group,