M&A Deal Summary

Starwood Property Trust Acquires Fundamental Income

On July 23, 2025, Starwood Property Trust acquired financial services company Fundamental Income from Brookfield Reinsurance for 2.2B USD

Acquisition Highlights
  • This is Starwood Property Trust’s 1st transaction in the Financial Services sector.
  • This is Starwood Property Trust’s largest (disclosed) transaction.
  • This is Starwood Property Trust’s 1st transaction in the United States.
  • This is Starwood Property Trust’s 1st transaction in Arizona.

M&A Deal Summary

Date 2025-07-23
Target Fundamental Income
Sector Financial Services
Buyer(s) Starwood Property Trust
Sellers(s) Brookfield Reinsurance
Deal Type Divestiture
Deal Value 2.2B USD

Target

Fundamental Income

Phoenix, Arizona, United States
Fundamental Income is a fully integrated net lease real estate operating platform and owned portfolio. Fundamental Income was founded in 2018 and is based in Phoenix, Arizona.

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Buyer(S) 1

Buyer

Starwood Property Trust

Miami Beach, Florida, United States

Category Company
Founded 2009
Sector Real Estate
Employees286
Revenue 962M USD (2024)
DESCRIPTION

Starwood Property Trust is a diversified finance company with a core focus on the real estate and infrastructure sectors. Starwood Property Trust was founded in 2009 and is headquartered in Miami Beach, Florida.


DEAL STATS #
Overall 1 of 1
Sector: Financial Services M&A 1 of 1
Type: Divestiture M&A Deals 1 of 1
State: Arizona M&A 1 of 1
Country: United States M&A 1 of 1
Year: 2025 M&A 1 of 1
Size (of disclosed) 1 of 1

Seller(S) 1

SELLER

Brookfield Reinsurance

Pembroke, Bermuda

Category Company
Founded 2020
Sector Insurance
Revenue 7.0B USD (2023)
DESCRIPTION

Brookfield Reinsurance provides capital solutions for insurance and reinsurance companies, and pension risk transfer products for Canadian pension plan sponsors. Brookfield Reinsurance was founded in 2020 and is based in Pembroke, Bermuda.


DEAL STATS #
Overall 1 of 1
Sector: Financial Services M&A 1 of 1
Type: Divestiture M&A Deals 1 of 1
State: Arizona M&A 1 of 1
Country: United States M&A 1 of 1
Year: 2025 M&A 1 of 1
Size (of disclosed) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2024-04-30 American Equity Investment Life Holding

West Des Moines, Iowa, United States

American Equity Investment Life Holding provides life insurance products in the United States. The company issues fixed index and rate annuities, as well as single premium immediate annuities. American Equity Investment Life Holding was founded in 1995 and is based in West Des Moines, Iowa.

Buy $4.3B