Starwood Impact Investors, a return-driven investment platform managed by Starwood Capital Group that is dedicated to investing in commercial real estate opportunities controlled by underrepresented partners, announced it has completed its inaugural investment in Obsidian Capital Partners, an emerging multifamily real estate firm.
Through this collaboration, Starwood Capital, a global private equity real estate firm, will invest programmatic capital and provide strategic advice to Obsidian’s leadership through board participation and infrastructure support. This significant milestone reinforces Starwood Capital’s commitment to SII’s platform and mission of providing diverse and women owned businesses in this sector with growth capital. Terms of the transaction were not disclosed.
Through SII, Starwood Capital evaluates numerous emerging real estate platforms and hundreds of sponsors from diverse backgrounds across the United States. They invest in teams that exhibit an opportunistic mindset, a rigorous investment process, and a commitment to demonstrated excellence, qualities that have defined Starwood since its inception.
“We are pleased to partner with a best-in-class institution that is committed to our firm’s strategy and growth. This partnership invaluably differentiates our firm within the middle market,” said Anthony Perry, co-founder of Obsidian.
“This transaction is a significant step in the evolution of our business. Combining our nimble and differentiated approach to the asset class with Starwood’s resources and relationships will supercharge our trajectory and growth opportunities,” said Alan-Michael Hill, co-founder of Obsidian.
“We’re thrilled to announce this partnership with Obsidian, which is a key milestone and the first of several investments we expect in this space. This collaboration not only supports our belief in Obsidian’s potential to become a market leader, but it also underscores our dedication to partnering with institutionally minded emerging sponsors with significant upside,” said Bakari Adams, Managing Director at Starwood Capital and Head of Starwood Impact Investors. “We look forward to working closely with Alan-Michael and Anthony to help maximize their firm’s success. Their strong track records and complementary skillsets have been vital to Obsidian’s achievements thus far and we are pleased to partner with them on this next phase of growth.”
