Lone Star Funds has recently announced the successful closing of its 12th opportunity fund, Lone Star Fund XII, L.P. (LSF XII). This new fund boasts a total capital of approximately $5.3 billion.
The Dallas-based firm’s opportunity funds are specifically designed to take advantage of market dislocations and capitalize on distressed assets. With a focus on providing support and direction to struggling businesses, sellers, and nonperforming loan portfolios in various asset classes including commercial real estate.
According to Donald Quintin, CEO and global president of Lone Star: “With the completion of our latest fund’s closing process, we will continue our mission to identify value in companies affected by macroeconomic uncertainty as well as distressed corporate credits.” He further emphasized that LSF XII’s flexible mandate allows them to pivot across different markets and asset classes for maximum returns.
In February 2019,Lone Star closed its previous opportunity fund – LSF XI with an impressive aggregate capital commitment amounting up to $8.1 billion.Since their first venture into private equity funds back in 1995,the company has successfully organized a total numberof24funds with an aggregate capital commitment totaling approximately$92billion.The success story continues for LoneStarwiththe recent closureoftheir12thopportunityfundat$5.3billion.
