The Funds

As of June 30, 2021, except where expressly noted
Fund Summary Vintage Year1 Committed Capital Investment Period2 Number of Investments Aggregate Price of Assets3 Aggregate Number of Assets4
Lone Star Value-Add Fund I 2020 $759M 60 months 7 $1.8B 21
Lone Star Real Estate Fund VI 2019 $4.6B 51 months 8 $4.7B 711
Lone Star Residential Mortgage Fund II 2019 $761M 38 months 8 $3.9B 9,476
Lone Star Fund XI 2019 $8.1B 54 months 8 $11.3B 95,508
Lone Star Fund X 2017 $5.5B 24 months 15 $18.3B 44,314
Lone Star Real Estate Fund V5 2016 $5.8B 36 months 13 $10.0B 78,588
Lone Star Real Estate Fund IV 2015 $5.8B 13 months 19 $20.4B 919
Lone Star Residential Mortgage Fund I5 2015 $1.3B 48 months 10 $4.4B 8,637
Lone Star Fund IX 2014 $7.2B 31 months 33 $34.1B 129,870
Lone Star Real Estate Fund III 2013 $7.0B 19 months 20 $20.6B 1,314
Lone Star Fund VIII 2013 $5.1B 13 months 20 $19.1B 47,436
Lone Star Fund VII5 2010 $4.6B 39 months 32 $11.9B 22,491
Lone Star Real Estate Fund II5 2010 $5.5B 46 months 30 $14.8B 2,957
Lone Star Fund VI 2008 $7.5B 24 months 28 $20.1B 79,210
Lone Star Real Estate Fund 2008 $2.4B 24 months 11 $6.2B 1,324
Lone Star Fund V 2005 $5.1B 40 months 56 $16.7B 4,613
Lone Star Fund IV 2002 $4.2B 34 months 65 $13.1B 525,577
Lone Star Fund III 2000 $2.3B 18 months 54 $5.1B 116,356
Lone Star Fund II 1999 $1.2B 21 months 35 $2.6B 12,752
Lone Star Opportunity Fund 1997 $396M 22 months 47 $1.4B 733
Brazos Fund 1995 $250M 15 months 19 $1.3B 3,878

(1) Vintage Year is the period during which the Fund first called capital from its respective Limited Partners and/or made substantial investments.

(2) As of June 30, 2021, Lone Star Value-Add Fund I, Lone Star Real Estate Fund VI, Lone Star Fund XI and Lone Star Residential Mortgage Fund II were in their investment periods. For these funds, the maximum permitted investment period is listed. Investment period refers to the period of time from the formation date to the expiration of the partners’ commitments, subject to certain exceptions outlined in each Fund’s limited partnership agreement.

(3) Aggregate price of assets purchased includes the equity, financing and other sources of capital used and includes amounts for investments committed to close.

(4) Assets reported under Lone Star Fund IV include consumer debt assets totaling 511,484 assets. Assets reported under Lone Star Fund III, Lone Star Fund IV, Lone Star Fund VI, Lone Star Fund VII, Lone Star Fund VIII, Lone Star Fund IX, Lone Star Fund X, Lone Star Fund XI and Lone Star Residential Mortgage Fund II include primarily non-performing residential mortgage loans totaling 98,471, 1,580, 69,668, 20,357, 46,054, 129,410, 14,497, 33,036 and 4,807 assets, respectively. Assets reported under Lone Star Fund X and Lone Star Fund XI include REO assets totaling 29,807 and 12,846 respectively. Assets reported under Lone Star Residential Mortgage Fund I and Lone Star Residential Mortgage Fund II include newly originated performing U.S. single family residential mortgage loans totaling 8,637 and 4,669 assets, respectively.

(5) Since their respective fundraises, commitment amounts for certain funds have been reduced. As of June 30, 2021, commitments to Lone Star Fund VII total $4.3 billion, commitments to Lone Star Real Estate Fund II total $4.9 billion, commitments to Lone Star Residential Mortgage Fund I total $674 million and commitments to Lone Star Real Estate Fund V total $2.7 billion.