Lone Star Fund IV (U.S.), L.P. and Lone Star Fund IV (Bermuda), L.P. (collectively, “Lone Star Fund IV”), formed in December 2001, held their final closings in March 2002 with $4.2 billion in combined capital commitments. Over its 34 month investment period, Lone Star Fund IV invested substantially all of its equity capital in 65 investments comprised of 525,577 assets with an aggregate purchase price of approximately $13.1 billion. Transactions consummated by Lone Star Fund IV included investments, directly or through joint ventures, in portfolios of secured and unsecured non-performing loans, real estate and financially oriented and real estate-rich operating companies.
Approximately 80% of the capital in Lone Star Fund IV was invested in Japan and South Korea as Lone Star continued to rank among the largest debt buyers in each of these markets. Germany also emerged as an active country as Lone Star Fund IV acquired some of the first portfolios of non-performing loans to trade in the marketplace.