Print this page
Thursday, 27 December 2018

Lone Star Back in Market with Another Real Estate Fund

Lone Star Funds is back in the market with a real estate investment fund and has set a $3 billion capital-raising target. That would compare with the $5.9 billion and $5.8 billion the two predecessor funds had raised. Both of those were oversubscribed.

Commercial Real Estate Direct Staff Report

Lone Star Funds is back in the market with a real estate investment vehicle and has set a $3 billion capital-raising target.

That would be far less than the Dallas investment manager's two previous funds. Two years ago, for instance, it had raised $5.9 billion for Lone Star Real Estate Fund V, for which it had set a $5 billion capital-raising target. And it raised $5.8 billion for Real Estate Fund IV just a year before that. That vehicle also was oversubscribed.

Given the oversubscriptions, it's likely that Lone Star will exceed the $3 billion target for its latest fund, which was outlined in a regulatory filing.

Fund IV had provided the Employee's Retirement System of Rhode Island, which...


Log In or



weekly-call-to-action

“The Weekly”

“The Weekly” is Commercial Real Estate Direct’s PDF newsletter, sent to subscribers every Friday morning. With over 100 news stories published on Commercial Real Estate Direct each week, “The Weekly” features the top stories in commercial real estate that industry participants need to know first. “The Weekly” also contains:

  • Breaking mortgage, CMBS, and REIT news

  • Quarterly league tables with rankings of B-piece buyers, book runners, and lenders

  • Industry moves and changes in “The Insider“