NEWS & VIEWS

Global private equity and venture capital news and research

Lone Star secures $5.7bn for latest distressed debt fund

14 Apr 2014

texas cattleTexas-based private equity firm Lone Star Funds has reportedly secured $5.7bn for its latest distressed debt vehicle.

Dow Jones reported the news, citing a person with knowledge of the matter, while regulatory filings showed that Lone Star Fund IX has secured just over $5.3bn via two vehicles.

The fund was launched in February this year with a $£7bn target.

The new fund is significantly larger than its previous general distressed asset-focused fund, Lone Star Fund VIII, which was closed on $5.1bn last May.

Lone Star’s general distressed vehicles are focused on distressed loans and securities and investments in financially oriented and real estate-rich operating companies.

Last October the firm closed its third real estate fund on $7bn, exceeding its $6bn target.

Copyright © 2014 AltAsset

FUNDRAISING & INVESTOR RELATIONS


Legals & Terms of UsePrivacy Policy


AltAssets is registered as a trademark of Investor Networks Limited (06695690).
Registered Office: Zetland House, 5-25 Scrutton St, London EC2A 4HJ
Content is © AltAssets 2000-2014