LStar Capital
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|
| Limited partnerships | |
| Industry | Private equity |
| Founded | 1995 |
| Headquarters |
Tower at Cityplace Dallas, Texas, U.S.A. |
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Key people
|
John Grayken, founder & chairman |
| Products | Investments, private equity funds |
| Total assets | $45 billion |
| Website | www |
Lone Star Funds is an American private equity firm that invests in distressed assets in the U.S., Canada and internationally. The founder of Lone Star established its first fund in 1995 (under a different name) and Lone Star has to date organized fifteen private equity funds with total capital commitments since inception of over $59 billion (as of June 2015). Lone Star’s investors include corporate and public pension funds, sovereign wealth funds, university endowments, foundations, fund of funds and high-net-worth individuals. Lone Star Funds has affiliate offices in North America, Europe and Japan.
Hudson Advisors LLC, an approximately 800-person global asset management company owned and controlled by the founder of Lone Star, performs due diligence and analysis, asset management and related services for Lone Star Funds. In this capacity, Hudson Advisors LLC has managed in excess of $95 billion of assets for Lone Star Funds since inception.
Lone Star was founded by John Grayken. From 1993 to 1995, Mr. Grayken was Chairman and CEO of Brazos Partners L.P., a joint venture between the Robert M. Bass Group and the Federal Deposit Insurance Corporation, that resolved approximately 1,300 “bad bank” assets resulting from the U.S. savings and loan crisis in the early ‘90s. During this period, Brazos Advisors LLC was formed to provide asset-management and related services to Brazos Partners.
Following Brazos Partners, Grayken organized institutional capital to continue investing in distressed assets, closing Brazos Fund, L.P. in 1995 with approximately $250 million of capital commitments.
Lone Star Opportunity Fund, L.P. followed in 1996, with approximately $396 million of capital commitments. At that time Brazos Advisors, LLC was renamed Hudson Advisors LLC.
After an expansion into Canada in 1995 and 1996, Grayken pursued the launch of a global platform for Lone Star in 1997. Since then, Lone Star has invested extensively in North America, Europe and East Asia. Lone Star invested primarily in East Asia, including Japan, Korea, Indonesia and Taiwan, following the Asian financial crisis in the late 1990s. In the mid-2000s, following the establishment of the Eurozone, Lone Star increased its investment focus in Europe. And with the onset of the global financial crisis, from 2007 Lone Star was again actively investing in the U.S.
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Wikipedia