NOVEMBER 7, 2013

To read this full article you need to be subscribed to Newsline.

Sign in Start Your Free Trial Now View Purchase Options

Lone Star surpasses fundraising goal, raises $6.6b

by Andrea Waitrovich

Lone Star Funds has held a final close for its Lone Star Real Estate Fund III, raising $6.6 billion. The firm launched the opportunistic fund in June with a $6 billion fundraising goal.

The vehicle is part of the firm’s Lone Star Real Estate Fund series, which invests in distressed commercial real estate debt and equity products. The global fund series primarily invests in the United States, Japan and Western Europe.

Since the establishment of its first fund in 1995, Lone Star has organized 12private equity funds with aggregate capital commitments totaling more than $45 billion.

In May the firm finished raising a residential-focused fund, Lone Star Fund VIII, with $5.1 billion. The majority of its capital will be used to buy soured residential loans from Europe’s banking crisis.

Glossary, videos, podcasts, research in the Resource Center

Forgot your username or password?

Close your account?

Your account will be closed and all data will be permanently deleted and cannot be recovered. Are you sure?

We respect your privacy! Please give consent for processing data as described in our Privacy Policy