Starwood Property Trust completed the acquisition of GE Capital's Energy Financial Services' Project Finance Debt Business and loan portfolio for $2.56bn, including $400m of unfunded loan commitments. The acquired business will leverage the extensive experience of the Company's affiliate, Starwood Energy Group, which specializes in comparable energy infrastructure equity investments and has executed transactions with c. $7bn in asset value since its inception in 2005. "It has been our intention since we began Starwood Property Trust to build a multi-cylinder finance company, with the thought that we should never overstay our welcome in any one business line and always have opportunities to deploy capital into only those verticals where reward clearly outweighs risk. From our basic and still most important business as one of the nation's largest commercial real estate lenders, we have successfully diversified the Company. We have built a world class conduit lending and CMBS trading platform, bought in excess of $3.5bn of property assets to yield double digit current returns on equity deployed, and created, from a standing start, a very successful single family lending platform. Today we are pleased to announce we are adding a new cylinder to our Company, with the return on investment profile and ability to scale to be material to our $14bn enterprise," Barry Sternlicht, Starwood Property Trust's Chairman and Chief Executive Officer.