Lone Star Funds reaches $5.3bn final close for opportunity fund
Lone Star Funds has closed its twelfth opportunity fund with around $5.3bn (£4.2bn) in capital.
The equity giant’s opportunity fund series focuses on opportunities that emerge during periods of market dislocation, with an emphasis on businesses, sellers, and assets that “require capital support and management direction to succeed in challenging economic and market conditions”.
It also focuses on non-performing loan portfolios in a range of asset classes that have emerged from economic conditions and regulatory pressures.
Lone Star Funds has closed its twelfth opportunity fund with around $5.3bn (£4.2bn) in capital.
The equity giant’s opportunity fund series focuses on opportunities that emerge during periods of market dislocation, with an emphasis on businesses, sellers, and assets that “require capital support and management direction to succeed in challenging economic and market conditions”.
It also focuses on non-performing loan portfolios in a range of asset classes that have emerged from economic conditions and regulatory pressures.
The predecessor to LSF XII, Lone Star Fund XI, held its final closing in 2019 with aggregate capital commitments of around $8.1bn.
Donald Quintin, chief executive and global president at Lone Star, said: “Lone Star is a highly disciplined and value-driven investor with a proven track record of investing through multiple cycles over several decades. This experience has allowed us to build longstanding relationships with our investors, to whom we are grateful for their ongoing support.
“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.”
Since establishing its first fund in 1995, Lone Star has organised 24 private equity funds with aggregate capital commitments totalling around $92bn.
