Simpson Thacher represented KKR Real Estate Finance Trust Inc. (NYSE: KREF) (“KREF”) in connection with an offering by KREF of 5,547,361 shares of its common stock, which included a partial exercise of the underwriters’ option to purchase additional shares. The net proceeds (before expenses) from the offering were approximately $120.7 million.~~KREF is a real estate finance company that focuses primarily on originating and acquiring senior loans secured by commercial real estate assets. KREF is externally managed and advised by KKR Real Estate Finance Manager LLC, a subsidiary of KKR & Co. Inc.~~The Simpson Thacher team included Joe Kaufman and Evan Kenyon (Capital Markets); Charles Mathes (Public Company Advisory Practice); Marcy Geller and Jasmine Hay (Tax); and Ben Wells and James Hahn (Registered Asset Management).