Lone Star fund nears $5b fundraising target
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