Lone Star Funds markets next residential mortgage fund

Lone Star Funds, a private equity firm that invests globally in real estate, equity, credit and other financial assets, has launched its next residential mortgage real estate fund, according to a filing with the SEC. The firm did not comment on its fundraising efforts.

The new fund, Lone Star Residential Mortgage Fund II, will invest in U.S. single-family residential mortgage loans.

The first fund in the series, Lone Star Residential Mortgage Fund I, held a $1.3 billion final close in 2014.

Since the establishment of its first fund in 1995, Lone Star has organized 17 private equity funds with aggregate capital commitments totaling more than $70 billion.