Lone Star raises $2 billion in five months for LS Fund VIII
Lone Star Fund VIII (LS Fund VIII), an opportunistic debt fund managed by Lone Star Funds, has raised approximately $2.07 billion, according to a filing with the Securities and Exchange Commission. A final close date was not disclosed with the filing.
The distressed debt fund launched this year in January. In March 2013, it raised $333.4 million in equity commitments.
LS Fund VIII invests in distressed investments in loans and securities, including single-family residential, corporate and consumer debt products, as well as financially oriented and asset‐rich operating companies. The fund’s geographic weightings, based upon p