Fundraising - APRIL 26, 2016

To read this full article you need to be subscribed to Newsline.

Sign in Start Your Free Trial Now View Purchase Options

Lone Star closes fund with $5.9b

by Andrea Waitrovich

Lone Star Funds has announced the first and final closing of Lone Star Real Estate Fund V. The firm’s U.S.- and Bermuda-based vehicles raised $5.9 billion in combined capital commitments, surpassing the $5 billion fundraising target and $5.5 billion maximum.

IREN announced the fund was in the market in January. The LSREF V investor base includes corporate and public pension funds, sovereign wealth funds, university endowments, foundations and high-net-worth individuals.

The investment strategy will be consistent with previous Lone Star real estate funds, focusing on a broad range of financial and other opportunistic investment assets in commercial real estate debt and equity products in the Americas, Europe and Asia Pacific.

Thus far this year, six global mega-funds

Glossary, videos, podcasts, research in the Resource Center

Forgot your username or password?

Close your account?

Your account will be closed and all data will be permanently deleted and cannot be recovered. Are you sure?

We respect your privacy! Please give consent for processing data as described in our Privacy Policy