News & Events

Simpson Thacher was highlighted for advising on three of the top five largest real estate funds of the first quarter of 2024, according to Preqin, in a Law360 article titled, “Real Estate Fund Raising Still Muted With $14B Bagged In Q1.” In the piece, Private Funds Partner Peter Vassilev was also quoted on the fundraising environment in the sector, noting that “In the first quarter of 2024, it was a continuation of trends we saw in 2023, where capital is being raised steadily but more slowly resulting in overall longer fundraising, with more established managers continuing to have slower but steady success.” He added that it is likely that more real estate fund closings will be announced over the next few quarters “that will reflect this slow-but-steady state of affairs that has continued through the first quarter of 2024, and that applies across geographies.”

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