Lone Star raises $5.3b for latest debt fund
Lone Star Funds has raised $5.31 billion for Lone Star Fund IX, its recently launched ninth global debt fund, according to a filing with the SEC.
A final close date for the fund was not disclosed in the filing. It launched in February with a $7 billion target.
Lone Star launched 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, raising approximately $30 billion in committed capital. And in fourth quarter 2013, Lone Star closed its latest opportunistic real estate fund, Lone Star Real Estate Fund III, with capital c