from Wiki Lone Star Funds is a private equity firm that invests...

from Wiki

Lone Star Funds is a private equity firm that invests in distressed assets both in the United States and internationally.[2] The founder of Lone Star established its first fund in 1995 (under a different name) and Lone Star has to date organized twelve private equity funds with total capital commitments since inception of over $45 billion (as of October 2013).[3] Lone Star’s investors include corporate and public pension funds, sovereign wealth funds, university endowments, foundations, fund of funds and high net worth individuals.[4] Lone Star Funds has affiliate offices in North America, Europe and Japan.[5]
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.[6] In this capacity, Hudson Advisors LLC has managed in excess of $95 billion of assets for Lone Star Funds since inception.[7]

Contents

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• 1 History
• 2 Investment Approach
• 3 Funds Investment Vehicles
• 4 References
• 5 External links

History[edit]

Lone Star was founded by John Grayken.[8] 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,[9] that resolved approximately 1,300 “bad bank” assets resulting from the U.S. savings and loan crisis in the early ‘90s.[10] During this period, Brazos Advisors LLC was formed to provide asset-management and related services to Brazos Partners.
Following Brazos Partners, Mr. Grayken organized institutional capital to continue investing in distressed assets, closing Brazos Fund, L.P. in 1995 with approximately $250 million of capital commitments.[11]
Lone Star Opportunity Fund, L.P. followed in 1996, with approximately $396 million of capital commitments.[12] At that time Brazos Advisors, LLC was renamed Hudson Advisors LLC.[13]
After an expansion into Canada in 1995 and 1996, Mr. Grayken pursued the launch of a global platform for Lone Star in 1997.[14] Since then, Lone Star has invested extensively in North America, Europe and East Asia.[15] Lone Star invested primarily in East Asia, including Japan, Korea, Indonesia and Taiwan, following the Asian financial crisis in the late 1990s.[16] In the mid-2000s, following the establishment of the Eurozone, Lone Star increased its investment focus in Europe.[10] And with the onset of the global financial crisis, from 2007 Lone Star was again actively investing in the U.S.[8]
Investment Approach[edit]

Lone Star invests in a variety of asset classes, primarily distressed opportunities in developed markets.[17]