Lone Star Funds has raised about $5.6 billion, including $5.5 billion for its latest private debt fund Lone Star Fund X, with the remaining capital from an expected co-investment, confirmed Christina Pretto, spokeswoman, in an e-mail.
The fund invests in company debt and multifamily residential debt.
Lone Star in April raised a combined for $5.8 billion for Lone Star Real Estate Fund V (U.S.) and Lone Star Real Estate Fund V (Bermuda). The firm closed its last private debt fund, the $7.25 billion Lone Star Fund IX, on July 30, 2014.
Investors in Lone Star’s latest fund include the $128.2 billion Texas Teacher Retirement System, Austin; $16.6 billion Louisiana Teachers’ Retirement System, Baton Rouge; $11.7 billion New Mexico Educational Retirement Board, Santa Fe; and the $2.3 billion Chicago Policemen's Annuity & Benefit Fund.