About This Fund
Lone Star Real Estate Fund VI, L.P. (LSREF VI) is the sixth dedicated commercial real estate fund in the LSREF series managed by Lone Star Funds, the Dallas-headquartered alternative asset manager with over $85 billion in aggregate capital commitments since 1995. LSREF VI held its final closing on June 24, 2019, raising approximately $4.7 billion from institutional investors including pension funds, sovereign wealth funds, foundations, and endowments, making it one of the largest real estate private equity funds to close that year. The fund is managed from Lone Star's international offices in Dallas, New York, London, and Tokyo.
LSREF VI pursues opportunistic and value-add investments in commercial real estate, including direct equity interests in properties, portfolios of commercial real estate debt, and CRE-related operating companies. The fund targets periods of market dislocation to acquire assets at attractive pricing, applying active management and capital to reposition properties, resolve troubled debt, and generate returns across the commercial real estate spectrum. Target assets span office, industrial, retail, and logistics properties as well as portfolios of non-performing real estate loans across North America, Europe, and Asia Pacific, consistent with Lone Star's established opportunistic mandate.
Lone Star has raised and deployed six consecutive real estate funds under the LSREF banner, demonstrating consistent fundraising capability and deep execution expertise in opportunistic commercial real estate investing. The LSREF series has engaged in some of the largest real estate portfolio transactions globally, including significant acquisitions of distressed real estate assets and loan portfolios in Europe and the United States. LSREF V preceded LSREF VI and further validated the strategy, with the sixth fund exceeding the scale of prior vintages and confirming strong institutional demand for Lone Star's commercial real estate expertise.