Lone Star Funds, a private equity firm, has successfully completed the final close of its newest commercial real estate fund, Lone Star Real Estate Fund VII, L.P. This fund will have approximately $2.7 billion in available capital.
LSREF VII’s focus will be on opportunistic and value-add investments in commercial real estate. This includes direct equity investments in commercial properties, debt portfolios related to CRE projects, and operating companies involved in the industry. The previous fund in this series closed back in June 2019 with commitments totaling around $4.6 billion.
According to Donald Quintin, CEO of Dallas-based Lone Star Funds: “Given the constantly evolving nature of the real estate market today, LSREF VII is well-positioned to take advantage of deep-value opportunities across Europe,North America,and Japan.” He also noted that their experience as investors for almost three decades makes them confident that they can navigate through these complex times successfully.
Quintin expressed his gratitude towards their longstanding partners who have once again shown their support during this latest fundraising effort by Lone Star Funds.
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