Lone Star Funds has raised $2.7bn (€2.4bn) for its latest global opportunistic and value-add commercial real estate fund.

The manager said the Lone Star Real Estate Fund VII’s (LSREF VII) investments will include direct commercial real estate equity, debt portfolios and commercial real estate-related operating companies.

The fund’s predecessor, Lone Star Real Estate Fund VI, which closed in June 2019, raised $4.6bn.

Donald Quintin, CEO of Lone Star, said: “With the ongoing complex and changing real estate landscape, LSREF VII anticipates deep-value and special situation investment opportunities across Europe, North America and Japan. 

“Lone Star has been investing in the broader commercial real estate sector for nearly 30 years, and we believe that the current environment is likely to play to our strengths as a disciplined and flexible opportunistic investor.”

To read the latest IPE Real Assets magazine click here. 

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