Sterling Global Financial Completes Strategic Divestiture of Sterling Bank & Trust Limited
Sterling Global Financial announced a new chapter in the company’s evolution, marked by the completion of its divestiture of Sterling Bank & Trust, to IIHL (Capital) Limited. This milestone positions Sterling to accelerate growth across its core investment management and real estate businesses, where the company has built exceptional momentum and a robust pipeline of opportunities over the past decade.
“Today marks the beginning of another exciting strategic phase for Sterling” said David Kosoy, Executive Chairman and Director of Sterling Global Financial. ” “This allows us to amplify our efforts in our core competencies, creating world-class real estate developments and delivering superior investment performance for our partners. This clarity of mission will allow us to move faster, think bigger, and capitalize on the tremendous opportunities we see ahead.”
Accelerating Development Excellence
Sterling enters this new phase with significant momentum, managing over $1.5 billion in active developments and a growing pipeline of premium projects. The company’s current portfolio demonstrates its ability to conceptualize, finance, and execute landmark projects with world class Partners:
Montage Cay, Bahamas – An ultra-luxury resort and residential community that will set new standards luxury
Grand Hyatt Grand Cayman Hotel & Residences – A transformative hospitality project bringing world-class amenities to the Cayman Islands
Paradise Landing & Hurricane Hole Superyacht Marina – The flagship development expanding on the ecosystem of luxury marina facilities and waterfront developments
Looking ahead, Sterling is actively pursuing additional development opportunities across North America and the Caribbean, with plans to announce new projects and financings in the coming months.
Scaling the Investment Platform
Sterling’s recent expansion into the U.S. wealth management market through its partnership with iCapital represents a significant growth vector for the company. The Sterling Real Estate Credit Fund (SCRED), which has delivered consistent performance since 2012, is now accessible to American investors through wealth management platforms.
“The U.S. market response has exceeded our expectations,” said Steve Tiller, CEO & Director. “We see enormous demand for high-quality, yield-focused real estate investments, and we’re positioned to significantly scale our fund management business over the next several years. Our track record speaks for itself, and we’re building the infrastructure to serve a much larger investor base.”
The company is exploring additional fund strategies and vehicles to meet growing investor demand, with potential launches planned for 2026.
Building a Foundation of Excellence
Sterling’s future growth builds on a proven foundation. With over 50 years of experience for David Kosoy, multiple industry awards, and a reputation for excellence in execution, Sterling has established the credibility and capabilities to pursue increasingly ambitious projects. The company’s investment philosophy—emphasizing capital preservation, income growth, and alignment with investors—will remain central to its growth strategy.
About Sterling Global Financial
Sterling Global Financial is a global alternative asset manager specializing in real estate, infrastructure and financial services. Sterling has built a reputation for excellence in real estate development, lending, and fund management.
For more information, visit www.sterlinggloballtd.com
About the Transaction
IIHL (Capital) Limited, a wholly owned subsidiary of IndusInd International Holdings Limited, has acquired the remaining 49% equity in Sterling Bank & Trust Limited, following its initial 51% acquisition in September 2022. The bank will be rebranded as IIHL Bank & Trust Limited and will continue serving high-net-worth clients under new ownership.
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