We advised Rialto and Hines on the transaction

Davis Polk advised Rialto Capital Management, LLC and Hines Capital Advisors, LLC in connection with the fundraise and related matters for Hines Rialto Credit Partners, LP, which recently held its final closing with approximately $1.1 billion in commitments to the fund.

Rialto is an integrated investment management and asset management platform that invests and manages assets throughout the real estate capital structure in real estate properties, loans and securities.

Hines is a vertically integrated global real estate investment and management firm and, with its predecessor, has been investing in real estate and providing real estate-related services such as acquisition, development, financing, property management, leasing and disposition services for over 60 years.

The Davis Polk investment management team included partners Leor Landa and Michael A. Stenbring, counsel Benjamin Milder and associates Xudong (George) Tan, Rosina Curren and Shalom Samuels. Partner Ethan R. Goldman and associate Omar Hersi provided tax advice. Counsel Chaoyuan (Charles) Shi provided ERISA advice. Members of the Davis Polk team are based in the New York and Washington DC offices.