Monica Shilling, Michele Cumpston, Al Stemp, Katie Roddy, Phil Kim, Anne Kim, Bruce Gelman
January 24, 2026
Kirkland Advises Promise Homes on Recapitalization in Connection with $200 Million Debt Facility from Barings
1 min
AI-made summary
- Kirkland & Ellis advised The Promise Homes Co., a Black-led manager of single-family residential rental homes in the U.S., on its recapitalization involving a $200 million institutional debt facility from Barings, a global investment management firm
- Black Enterprise reports that this transaction is among the 10 largest capital raises for a Black-owned company in the past decade
- The Kirkland team included partners and associates from corporate, real estate, and tax practices.
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.
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Monica Shilling, Michele Cumpston, Al Stemp, Katie Roddy, Phil Kim, Anne Kim, Bruce Gelman
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