Kirkland Advises Promise Homes on Recapitalization in Connection with $200 Million Debt Facility from Barings

Kirkland & Ellis counseled The Promise Homes Co., a Black-led manager of institutional-quality, single-family residential rental homes in the United States on its recapitalization in connection with a $200 million institutional debt facility from Barings, the global investment management firm. According to Black Enterprise, this transaction represents one of the 10 largest capital raises for a Black-owned company over the last decade.

Read Promise Homes’ press release

The Kirkland team includes corporate partners Monica Shilling and Michele Cumpston; real estate partners Al Stemp and Katie Roddy and associate Phil Kim; and tax partners Anne Kim and Bruce Gelman.