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Lone Star Fund VI (U.S.), L.P. and Lone Star Fund VI (Bermuda), L.P. (collectively, “Lone Star Fund VI”), formed in December 2007, held their final closings in July 2008 with $7.5 billion in combined capital commitments. Over its 24 month investment period, Lone Star Fund VI invested substantially all of its equity capital in approximately 28 investments comprised of 79,209 assets with an aggregate purchase price of approximately $20.0 billion. Transactions consummated by Lone Star Fund VI included investments in loans and securities including single family residential, commercial real estate and consumer debt products and financially oriented operating companies. Lone Star Fund VI invested primarily in the U.S. residential mortgage market as the scale of the distressed opportunity reached unprecedented levels following the failure of several prominent U.S. investment banks. Utilizing a dedicated team of professionals based in New York, Lone Star Fund VI acquired in excess of $55 billion (face value) of mortgages and mortgage-related securities. The collapse of the U.S. residential market also led to opportunities abroad that included Lone Star Fund VI’s acquisition of a large German financial institution.
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