– Lone Star Funds held the final closing of Lone Star Real Estate Fund VII (LSREF VII) with approximately $2.7 billion in total capital.
– The fund will target deep-value and special situation investment opportunities. Focus regions: Europe, North America, and Japan.
– LSREF VII is projected to have a 63-month investment period.
– Investment types: direct commercial real estate equity, debt portfolios, and commercial real estate-related operating companies. Aligns with Lone Star’s strategy of opportunistic and value-add investments.
– Lone Star has been investing in commercial real estate for nearly 30 years.
– Since 1995, the firm has organized 25 private equity funds with around $95 billion in total capital commitments.
– Donald Quintin, CEO stated “With the ongoing complex and changing real estate landscape, LSREF VII anticipates deep-value and special situation investment opportunities across Europe, North America, and Japan.”
– Funds are divided into three main series: Opportunity Funds, Commercial Real Estate Funds, and U.S. Residential Mortgage Funds.
– Total capital raised in the series amounts to $33.8 billion.
– In June, Lone Star completed fundraising for Lone Star Fund XII, raising about $5.3 billion.
– Last month, Lone Star agreed to acquire Carrier Global’s Commercial and Residential Fire business for an enterprise value of $3 billion.
