Kirkland Counsels Town Lane on $1.25 Billion Closing of Oversubscribed Inaugural Real Estate Fund

Kirkland & Ellis advised Town Lane, a real estate investment firm, in completing the final close of its inaugural fund, Town Lane Real Estate Opportunities Fund I (Fund I), with $1.25 billion in total commitments. The fund was oversubscribed and closed on its investor commitments in the first half of 2024 above its initial $1 billion target. Fund I is backed by a diverse and esteemed group of experienced institutional investors, including university endowments, charitable foundations, family offices and pension funds.

Read Town Lane’s press release

The team was led by investment funds partners Brett Saltzman, Kelly Ryan and Kevin Pavloski and associates Adam Strayer, Derek Thomas and Sam Lockwood-Powell; tax partners Steve Butler and Mike Greenberg and associate Ally Nelson; and investment funds regulatory partner Nabil Sabki and associate Paige Tapp.