Fundraising - FEBRUARY 12, 2014

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Lone Star launches ninth global debt fund

by Andrea Waitrovich

Lone Star Funds has launched a ninth global debt fund with a $7 billion fundraising goal, according to a filing with the SEC. A final close date for Lone Star Fund IX was not disclosed in the filing.

The firm started the fund series in 1997 with Lone Star Opportunity Fund, which raised $396 million. The following funds, Lone Star Funds II through VIII, became mega-funds, totaling approximately $30 billion in committed capital.

Lone Star Fund VIII closed in May 2013 with $5.1 billion raised in a 38-month period. The fund had five assets as of November 2013. Transactions consummated and targeted by Lone Star Fund VIII include investments in the United States, Western Europe and Japan in distressed loans and securities including single-family residential and corporate and consumer debt products a

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