DALLAS, April 26, 2016 /PRNewswire/ -- Lone Star Funds, a global private equity firm that invests in real estate, equity, credit and other financial assets, today announced the first and final closing of Lone Star Real Estate Fund V (U.S.), L.P. and Lone Star Real Estate Fund V (Bermuda), L.P. (collectively, "LSREF V"), with $5.9 billion in combined capital commitments. Launched in January 2016, the fund received third-party commitments in excess of its $5.0 billion target and $5.5 billion hard cap.
The investment strategy will be consistent with previous Lone Star Funds real estate funds, focusing on a broad range of financial and other opportunistic investment assets in commercial real estate debt and equity products in the Americas, Europe and Asia-Pacific. The LSREF V investor base includes corporate and public pension funds, sovereign wealth funds, university endowments, foundations and high net worth individuals.
Since its founding in 1995, Lone Star Funds has organized 16 funds with commitments in excess of $65 billion, including four previous dedicated commercial real estate funds.
About Lone Star Funds
Lone Star Funds ("Lone Star") is a leading private equity firm that invests globally in real estate, equity, credit and other financial assets. The Funds are structured as closed-end, private-equity limited partnerships, the limited partners of which include corporate and public pension funds, sovereign wealth funds, university endowments, foundations, fund of funds and high net worth individuals. The Funds are advised by Lone Star Global Acquisitions, Ltd. ("LSGA"), an investment adviser registered with the U.S. Securities and Exchange Commission. LSGA and its global subsidiaries advise the Funds from offices in North America, Western Europe and East Asia.
Jed Repko / Ed Trissel
Joele Frank, Wilkinson Brimmer Katcher
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SOURCE Lone Star Funds