Lone Star Funds closed its latest private debt fund, Lone Star Fund XI, at $8.2 billion, spokeswoman Christina Pretto said.
The fund, the largest for the firm, invests in company debt and multifamily residential debt.
Its predecessor fund, Lone Star Fund X, closed at $5.5 billion in 2016.
Investors in the latest fund include the $153 billion Texas Teacher Retirement System, Austin; $21.3 billion Los Angeles Fire & Police Pension System; $20.1 billion Louisiana Teachers' Retirement System, Baton Rouge; and $2.3 billion Chicago Policemen's Annuity & Benefit Fund.
