Lone Star Fund II (U.S.), L.P. and Lone Star Fund II (Bermuda), L.P. (collectively,
Lone Star Fund II) were formed in September 1998 and November 1998, respectively,
with combined capital commitments of $1.2 billion. Utilizing Lone Star's network of
affiliated foreign offices and established relationships with foreign counterparties, the
principals intensified their pursuit of global real estate related investment opportunities,
especially in Asia.
During its 21-month investment period, Lone Star Fund II acquired in excess of
12,000 assets in 119 transactions at an aggregate purchase price of approximately $2.61
billion. Lone Star established itself as one of the largest foreign buyers of non-performing
loans in Asia, investing approximately 75% of the capital of Lone Star Fund
II in Japan and South Korea. Lone Star Fund II also invested more than $325 million
in real estate assets located throughout the United States, Germany and France.
|
|
