Apr
28
Lone Star Closes Fifth CRE Fund with Money to Spare
ByThe Dallas-based company closed its fifth commercial real estate fund with $5.5 billion in commitments.
John Grayken, founder & chairman of Lone Star Funds
Dallas—Global private equity firm Lone Star Funds of Dallas, on Tuesday announced the first—and final—closing of Lone Star Real Estate Fund V (U.S.) LP and Lone Star Real Estate Fund V (Bermuda) LP, having received, since its January launch, third-party commitments in excess of the fund’s $5.0 billion target and $5.5 billion hard cap.
The fund’s investment strategy, according to a prepared statement, “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.”…
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