Press Release

Kirkland Advises Dermody Properties on Closing of $442.4 Million DPIF

Kirkland & Ellis LLP counseled Dermody Properties LLC, a private equity real estate investment, development and operating company focused exclusively on the industrial property sector, on the closing of Dermody Properties Industrial Fund L.P. (DPIF). DPIF, launched in the fourth quarter of 2015, raised $442.4 million of equity capital and exceeded its target fundraising goal of $400 million. Investors in DPIF include public and corporate pension funds, insurance companies, and other institutional investors.

The Kirkland team was led by investment funds partners Jennifer Wilson and Kelly Ryan and included investment funds partner Matt Cohen and associate Laura Stake; real estate partner Stephen Tomlinson; tax partners Bruce Gelman and Stephen Butler; and debt finance partner Jocelyn Hirsch and associate Bradley Laken.

Kirkland & Ellis is a global leader in providing sophisticated advice to private investment fund sponsors and select institutional investors with respect to all major alternative investment strategies. In the past three years alone, Kirkland has advised nearly 300 private investment fund sponsors, raising more than 400 funds representing in excess of $315 billion of capital commitments.