The Lone Star Funds
As of June 30, 2024, except where expressly noted:
| Fund Summary | Vintage Year1 | Fund Size2 | Investment Period3 | Aggregate Purchase Price4 |
|---|---|---|---|---|
| Lone Star Real Estate Fund VII | 2024 | $2.7 billion | 63 months | $0 |
| Lone Star Fund XII* | 2023 | $5.3 billion | 58 months | $3.0 billion |
| Lone Star Residential Mortgage Fund III* | 2022 | $657 million | 54 months | $4.3 billion |
| Lone Star Value-Add Fund II | 2022 | $619 million | 26 months | $1.2 billion |
| Lone Star Value-Add Fund I | 2020 | $759 million | 30 months | $2.2 billion |
| Lone Star Real Estate Fund VI | 2019 | $4.6 billion | 50 months | $10.4 billion |
| Lone Star Residential Mortgage Fund II | 2019 | $761 million | 37 months | $7.9 billion |
| Lone Star Fund XI | 2019 | $8.1 billion | 53 months | $20.5 billion |
| Lone Star Fund X | 2017 | $5.5 billion | 23 months | $18.3 billion |
| Lone Star Real Estate Fund V | 2016 | $5.8 billion | 36 months | $9.5 billion |
| Lone Star Real Estate Fund IV | 2015 | $5.8 billion | 12 months | $21.1 billion |
| Lone Star Residential Mortgage Fund I | 2015 | $1.3 billion | 48 months | $4.5 billion |
| Lone Star Fund IX | 2014 | $7.2 billion | 30 months | $34.1 billion |
| Lone Star Real Estate Fund III | 2013 | $7.0 billion | 18 months | $20.6 billion |
| Lone Star Fund VIII | 2013 | $5.1 billion | 13 months | $19.1 billion |
| Lone Star Fund VII | 2010 | $4.6 billion | 39 months | $11.9 billion |
| Lone Star Real Estate Fund II | 2010 | $5.5 billion | 46 months | $14.8 billion |
| Lone Star Fund VI | 2008 | $7.5 billion | 24 months | $20.1 billion |
| Lone Star Real Estate Fund | 2008 | $2.4 billion | 24 months | $6.2 billion |
| Lone Star Fund V | 2005 | $5.1 billion | 39 months | $16.7 billion |
| Lone Star Fund IV | 2002 | $4.2 billion | 33 months | $13.1 billion |
| Lone Star Fund III | 2000 | $2.3 billion | 17 months | $5.1 billion |
| Lone Star Fund II | 1999 | $1.2 billion | 20 months | $2.6 billion |
| Lone Star Opportunity Fund | 1997 | $396 million | 21 months | $1.4 billion |
| Brazos Fund | 1995 | $246 million | 14 months | $1.3 billion |
- *Includes committed but not yet closed investments as of June 30, 2024.
- 1Vintage Year – The period during which the applicable Lone Star Fund either first called capital from its respective partners or made substantial investments.
- 2Since their respective fundraises, commitment amounts for certain Lone Star Funds have been reduced or released. As of June 30, 2024 commitments to Lone Star Fund VII totaled $4.3 billion, commitments to Lone Star Real Estate Fund II totaled $4.9 billion, commitments to Lone Star Residential Mortgage Fund I totaled $674 million and commitments to Lone Star Real Estate Fund V total $2.3 billion. Lone Star Real Estate Fund VII fund size includes closings up to September 9, 2024.
- 3As of June 30, 2024, Lone Star Real Estate Fund VII, Lone Star Fund XII and Lone Star Residential Mortgage Fund III were in their investment periods. Subsequent to June 30, 2024, Lone Star Real Estate Fund VII held its final closing in September 2024. For these funds, the maximum permitted investment period is listed. Investment period generally refers to the period during which the respective Lone Star Fund is or was able to make new investments (also known as the “commitment period”); however, the limited partnership agreement for certain of the Lone Star Funds also permits such funds to make certain investments after the respective Lone Star Fund’s Investment Period has ended.
- 4Aggregate purchase price includes the equity, financing and other sources of capital used and includes amounts for investments committed to close.