Fundraising - OCTOBER 13, 2016

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Lone Star fund nears $5b fundraising target

by Andrea Waitrovich

Lone Star has raised more than $4.4 billion for its 10th fund, according to a filing with the SEC. A final close date was not disclosed in the filing.

Lone Star Fund X, which launched in June, has a $5 billion equity fundraising target. The global opportunistic distressed fund will invest in the United States, Europe and Japan.

The mega-fund follows Lone Star Fund IX, which closed in 2014 with $7.2 billion in capital commitments. Transactions targeted by Lone Star Fund IX include investments in the Americas, Western Europe and Japan 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.

Lone Star Fund X is one of the global mega-funds (defined as a fund targeting equity commitments of more than $1 billion) in the market, accor

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