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Lone Star Closes 12th Opportunity Fund at $5.3B
Lone Star Funds has completed the final closing for its 12th opportunity fund, Lone Star Fund XII, L.P. (LSF XII). Total capital available to LSF XII is approximately $5.3 billion.
Dallas-based Lone Star’s opportunity fund series focuses on opportunities that emerge during periods of market dislocation. It emphasizes businesses, sellers and assets that require capital support and management direction to succeed in challenging economic and market conditions as well as nonperforming loan portfolios in a range of asset classes, including commercial real estate.
“With the closing of our latest fund, we will continue to seek value primarily in companies that are affected by ongoing macroeconomic uncertainty and distressed corporate credits, using LSF XII’s flexible mandate to pivot across different markets and asset classes,” said Donald Quintin, CEO and global president of Lone Star.
LSF XI, which closed in February 2019, had aggregate capital commitments of approximately $8.1 billion. Since establishing its first fund in 1995, Lone Star has organized 24 private equity funds with aggregate capital commitments totaling approximately $92 billion.
- ◦Financing
