About This Fund
Lone Star Fund XII, L.P. (LSF XII) is the twelfth fund in the flagship opportunistic series raised by Lone Star Funds, the Dallas-headquartered alternative asset manager founded by John P. Grayken in 1995. The fund held its final closing on July 2, 2024, raising approximately $5.3 billion in aggregate capital commitments from institutional investors including pension funds, sovereign wealth funds, foundations, and endowments. LSF XII represents Lone Star's continued focus on providing capital and management expertise to businesses and asset portfolios challenged by macroeconomic uncertainty and market dislocation across global markets.
LSF XII pursues a flexible, opportunistic mandate targeting companies and asset classes affected by ongoing macroeconomic stress, with a particular emphasis on distressed corporate credits, non-performing loan portfolios, and businesses requiring capital restructuring and management support. The fund maintains the flexibility to pivot across different markets and asset classes globally, allowing Lone Star to allocate capital dynamically as dislocations emerge across North America, Europe, and Asia Pacific. The investment strategy prioritizes situations where sellers require liquidity and businesses can benefit from active operational and financial repositioning over a multi-year holding period.
Lone Star Funds has raised and managed over $80 billion in capital since 1995 across its flagship opportunistic, real estate, and credit fund series. LSF XI, the predecessor fund, raised $8.2 billion at final close in February 2019 and deployed capital into 15 investments comprising approximately 163,000 assets. The consistent fundraising track record across 12 consecutive opportunistic funds, spanning multiple economic cycles and geographies, demonstrates Lone Star's enduring ability to generate returns from distressed and dislocated assets globally.