Key Takeaways
- • Lone Star reached a final closing of $2.7bn for its latest real estate fund, LSREF VII, less than half its initially reported $6bn target, according to PereNews.
- • The Dallas-based private equity real estate firm cited investor liquidity issues and a desire to begin deploying capital promptly as factors behind the smaller raise.
- • The report is dated 12 September 2024, so the figures reflect fundraising at that time.
Summary
Dallas-based private equity real estate firm Lone Star has reached a final closing of $2.7bn for its latest real estate fund, LSREF VII, according to PereNews. The figure is less than half the initially reported $6bn target.
The firm attributed the smaller raise to investor liquidity issues, alongside a keenness to start deploying the capital. The source article does not provide further detail on the fund's strategy, investor composition or planned deployments.
The report was published on 12 September 2024 and reflects fundraising conditions at that time.
The firm attributed the smaller raise to investor liquidity issues, alongside a keenness to start deploying the capital. The source article does not provide further detail on the fund's strategy, investor composition or planned deployments.
The report was published on 12 September 2024 and reflects fundraising conditions at that time.
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