Lone Star brings new debt fund to market

Lone Star, a Texas-based private-equity firm advising funds that invest globally in real estate, equity, credit and other financial assets, has brought a new debt fund to market, according to a recent filing with the SEC.

Based on information about previous funds in the series, the new fund, Lone Star Fund XII, will invest in opportunistic distressed debt secured by properties in the United States, Europe and Japan. An equity fundraising target was not disclosed for Fund XII, but the predecessor fund closed in 2019 with $8.1 billion in capital commitments.

Lone Star Fund XI targeted investments in financial and other investment assets, including single-family residential debt and corporate and consumer debt products, as well as investments in financially oriented and other operating companies.

Since 1995, Lone Star has organized 21 private-equity funds wi