Lone Star fund raises $3.6b

Lone Star Funds has raised more than $3.6 billion for its latest fund, Lone Star Real Estate Fund VI, according to an SEC filing.

The fund launched last year with a $4.5 billion target.

The fund will invest in debt secured by properties globally. The previous fund in the series, Lone Star Real Estate Fund V, which is made up of Lone Star Real Estate Fund V (U.S.) and Lone Star Real Estate Fund V (Bermuda), held its first and final closing in April 2016 with approximately $5.8 billion in combined capital commitments. Transactions targeted by Lone Star Real Estate Fund V include investments in commercial real estate debt and equity products in North America, Europe, Asia Pacific and Latin America.