Lone Star Opportunity Fund, L.P., formed in November 1996, targeted a broad
range of investments in various asset classes, property types, transaction structures,
and geographic areas. With capital commitments of approximately $400 million from
many of the same investors that today comprise Lone Star Fund V, the fund invested
its capital in more than 50 transactions.
The total acquisition price of these assets was approximately $1.31 billion. Assets
acquired within these portfolios included performing and sub-performing mortgage
debt, origination of high loan-to-value first mortgages, and direct ownership of developed
and undeveloped real estate. In Lone Star Opportunity Fund, L.P., the general
partner developed a framework for investing in cross-border transactions in France,
Canada, Mexico, and Japan.
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