Lonestar Funds

Lone Star Funds is a prominent investment firm that advises funds engaged in global investments across private equity, credit, and real estate. The firm was established over 30 years ago, with its inaugural fund organized in 1995. Since its inception, Lone Star has successfully organized 25 funds, accumulating aggregate capital commitments totaling approximately $95 billion. The firm maintains a global presence, operating with offices situated across North America, Europe, the Middle East, and Asia Pacific.

The firm operates as an experienced value investor, consistently seeking opportunities within complex situations or those characterized by specific structural or financial intricacies, irrespective of the prevailing market environment. Lone Star employs a combination of rigor and flexibility to identify underlying value, execute intricate transactions with efficiency and certainty, and deliver comprehensive solutions for both sellers and business owners. The firm's investment approach is focused on assets and cash flow, without being constrained by specific geography, sector, or investment type.

Lone Star utilizes its proven operational resources and capabilities to identify and enhance value within its investments, often partnering with management teams to drive strong returns for its investors. A relentless focus on risk management is maintained at the highest levels of leadership, complemented by a dedicated capital markets and hedging capability. This integrated approach enables Lone Star to execute confidently on opportunities across various macroeconomic backdrops. The firm's disciplined underwriting process is designed to facilitate success even during challenging cycles and in complex situations. Lone Star's 30-year history and its established network of counterparty relationships contribute to its ability to source otherwise undiscovered market dislocations and value opportunities, executing with agility and speed.

Within its broader investment mandate, Lone Star's real estate strategy specifically targets both debt and equity opportunities in commercial real estate and related sectors. As of September 30, 2025, the firm's Real Estate Funds, which include its Value-Add Funds, have accumulated an aggregate purchase price of approximately $177.6 billion across 445 investments. Demonstrating its engagement in the purpose-built student accommodation (PBSA) sector, Lone Star Funds announced in June 2025 that an affiliate of Lone Star Real Estate Fund VII had reached an agreement to acquire nine PBSA assets located in the United Kingdom. This portfolio, purchased from affiliates of Unite Students for £212 million ($288 million), is scheduled to close in August 2025. The acquired assets comprise 3,656 beds across nine high-quality PBSA properties situated in five established UK university markets: Aberdeen, Leicester, Leeds, Nottingham, and Sheffield. The firm identifies these assets as presenting an opportunity for value creation through targeted capital investment and operational enhancements.

The firm is composed of seasoned professionals who are adept at navigating the complexities and challenges inherent in the search for value throughout the investment cycle. These dedicated individuals apply a disciplined approach across a dynamic global investment platform. Lone Star's organizational culture emphasizes collaboration, rigor, and robust risk management as it seeks to identify investments, drive value, and deliver for its investors. This culture is further underpinned by core values of discipline in its investment approach, professionalism in its engagements, and trust among its personnel and as stewards of investor capital. Lone Star also partners with Hudson Advisors, a globally integrated asset management platform, which provides advisory, administrative, and support services to the Lone Star Funds' investments. Hudson Advisors has advised Lone Star Funds on approximately 1.16 million assets, with an aggregate purchase price of approximately $275 billion.