Simpson Thacher represented Sterling Investors in connection with the fundraising of its second real estate fund, Sterling Investors Fund II. The fund raised over $650 million, exceeding its $600 million target and materially surpassing its predecessor fund, which Simpson Thacher also advised on. The fund, which has already commenced investing, will focus on real estate and real estate-related investments in North America and Western Europe.
Sterling Investors was founded in 2020 by Khaled W. Kudsi as a privately held, employee-owned real estate investment firm focused on investing in real estate opportunities in North America and Western Europe.
The Simpson Thacher team included Rony Rothken, Barrie Covit, Lina Zhou, Joanna Melnick, Alice Ko and Hye Yeon Shin (Funds); Marcy Geller, Jacqueline Clinton, Shareef Salfity and TK Lee (Tax); Ashley Belton Gold, Zachary Ness and Lauren Driscoll (Credit); and Erica Rozow, George Gerstein, Jeanne Annarumma and Alexander Kharash (ERISA).