Lone Star Funds has closed its latest commercial real estate fund, Lone Star Real Estate Fund VII (LSREF VII), securing approximately $2.7 billion in capital.
“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,” said Donald Quintin, Chief Executive Officer of Lone Star.
“Lone Star has been investing in the broader commercial real estate sector for nearly 30 years, and we believe that the current environment is likely to play to our strengths as a disciplined and flexible opportunistic investor. We greatly appreciate the continued support of our longstanding partners who have supported us again during our most recent fundraise.”
LSREF VII will target opportunistic and value-add commercial real estate investments including direct commercial real estate equity, debt portfolios, and commercial real estate-related operating companies.
Since the establishment of its first fund in 1995, Lone Star has organized 25 private equity funds with aggregate capital commitments totaling approximately $95 billion.
The predecessor to LSREF VII, Lone Star Real Estate Fund VI, L.P. held its final closing in June 2019, with aggregate capital commitments of approximately $4.6 billion.
In June 2024, Lone Star held the final closing for Lone Star Fund XII, L.P., the latest in the firm’s Opportunity Fund series, with aggregate capital commitments of approximately $5.3 billion.
