DALLAS, Nov. 15, 2016 /PRNewswire/ -- Lone Star Funds today announced that it has completed the final closing for Lone Star Fund X (U.S.), L.P. and Lone Star Fund X (Bermuda), L.P. (collectively "LSF X"). Total capital available is approximately $5.6 billion, which includes LSF X commitments and an anticipated co-investment from associated entities.
Commitments to LSF X exceeded LSF X's original target of $5 billion.
In April, Lone Star announced it had closed Lone Star Real Estate Fund V (U.S.), L.P. and Lone Star Real Estate Fund V (Bermuda), L.P. (collectively "LSREF V"), its fifth dedicated commercial real estate fund, at approximately $5.8 billion, exceeding its $5 billion fundraising target and reaching its $5.5 billion hard cap for third party commitments.
Lone Star, a global private equity firm, invests on behalf of its limited partners, which include institutional investors such as pension funds, sovereign wealth funds, as well as foundations and endowments that support medical research, higher education, and other philanthropic causes.
Lone Star is a highly disciplined, value-driven investor that focuses on opportunities that emerge during periods of market dislocation, often providing liquidity to markets in the aftermath of a financial crisis. Lone Star focuses on businesses, sellers, and assets that require capital support and management direction to succeed post-crisis. In this context, Lone Star considers a broad scope of markets, industries, and opportunities through equity and debt investments in value-oriented assets, real estate and real estate-related assets, control investments in operating companies, and securitized products.
Since the establishment of its first fund in 1995, Lone Star has organized seventeen private equity funds with aggregate capital commitments exceeding $70 billion.
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SOURCE Lone Star Funds