Dallas-based Lone Star Funds has raised $5bn (€3.73bn) for its latest distressed-focused fund less than two years after closing its predecessor vehicle.
According to filings with the Securities and Exchange Commission in the US, Lone Star Fund VIII has raised the money from just over 150 limited partners.
The vehicle invests in residential real estate as well as distressed situations.
The company is also understood to be ready for another commercial property fund, Lone Star Real Estate Fund, which could be worth up to $6bn. Both vehicles target European property investments.
