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Starwood appoints managing director, India and Southeast Asia

Starwood Capital Group, a private equity firm focused on real estate and energy infrastructure, has appointed Sundaram V. Rajagopal as managing director, India and Southeast Asia, Starwood Capital India Advisors.


Rajagopal will lead all acquisition and asset management activities for Starwood Capital in India and Southeast Asia and will manage the team based in Mumbai, India.

Rajagopal brings more than 17 years of real estate experience to the position, including nearly ten years executing real estate investments in India. He previously worked at Starwood Capital Group from 2002 to 2005.

Since opening its office in Mumbai in 2006, Starwood Capital has pursued a number of investment opportunities in major developments in various markets, along with investments in operating platforms across India, including investing in a landmark office project in Mumbai’s Bandra Kurla district currently under construction.

Rajagopal most recently served as the managing director and country head for Lehman Brothers’ Real Estate Partners’ activities in India, where he developed and executed Lehman’s entry into real estate private equity in India and invested approximately USD300m of equity across ventures and asset classes.

Prior to joining Lehman Brothers in 2006, Rajagopal served as the managing partner for Third Point India, a partnership dedicated to real estate, and other special situation investments in India.

He joined Third Point India from Starwood Capital Group, where he served as a vice president focused on transaction execution for a variety of asset classes in the US and Europe over a period of three years.

"We are thrilled to welcome back Raj, a home grown talent, who has broadened and deepened his knowledge and experience in real estate since he left our Greenwich office to run Lehman’s operations in India," says Barry Sternlicht, chairman and chief executive of Starwood Capital Group. "Raj is well-versed in our core risk-reward discipline, our focus on creating value, aligning interests and on building meaningful and important relationships within our firm, with our investors and with our partners."

Balaji Rao, managing director of Starwood Capital India Advisors, is leaving the company to pursue other interests. Rao has agreed to continue working with Starwood Capital during the interim period to transition his responsibilities to Rajagopal.

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