Lone Star Funds Closes 12th Opportunity Fund 12 with $5.3 Billion

Lone Star Funds has finalized the closing of its 12th opportunity fund, Lone Star Fund XII, L.P. (LSF XII), securing approximately $5.3 billion in capital.

Focus on Market Dislocation

Based in Dallas, Lone Star’s opportunity fund series is designed to capitalize on market dislocations. The fund targets businesses, sellers, and assets that need capital and management support to thrive in tough economic and market conditions. This includes nonperforming loan portfolios across various asset classes, notably commercial real estate.

Strategic Flexibility

CEO and global president of Lone Star, Donald Quintin, emphasized that LSF XII will continue to seek value in companies impacted by macroeconomic uncertainty and distressed corporate credits. The fund’s flexible mandate allows it to adapt across different markets and asset classes to maximize returns.

Historical Context

Lone Star’s previous fund, LSF XI, closed in February 2019 with aggregate capital commitments of around $8.1 billion. Since its inception in 1995, Lone Star has established 24 private equity funds, amassing total capital commitments of approximately $92 billion.