Kirkland & Ellis advised TPG RE Finance Trust, Inc. (NYSE: TRTX) (“TRTX”), a commercial real estate finance company sponsored by global alternative asset firm TPG, on its agreement with an affiliate of Starwood Capital Group, a global investment firm focused on real estate, for a commitment of up to $325 million in new capital. Under the terms of the agreement, Starwood Capital has made a strategic, non-voting investment in TRTX in the form of preferred stock and detachable warrants to purchase TRTX common stock. The investment will provide TRTX with immediate liquidity and access to additional capital at its option, ensuring it has the resources and flexibility to adapt amid the current market disruption.
Read the TRTX press release
The Kirkland team was led by transactional partners Sophia Hudson, Michael Brueck and Marshall Shaffer and associates Arlene Ortiz-Leytte, Alice Blain and Ryan Martin, and tax partners Mike Beinus and Meredith Levy.