The Funds

As of June 30, 2018
Fund Summary Vintage Year1 Committed Capital Investment Period2 Number of Investments Aggregate Price of Assets3 Aggregate Number of Assets4
Lone Star Fund X 2017 $5.5B 37 months 10 $8.7B 9,591
Lone Star Real Estate Fund V 2016 $5.8B 36 months 6 $2.5B 5,306
Lone Star Real Estate Fund IV 2015 $5.8B 13 months 19 $19.4B 904
Lone Star Residential Mortgage Fund I5 2015 $1.3B 48 months 8 $2.6B 5,657
Lone Star Fund IX 2014 $7.2B 31 months 33 $33.6B 129,870
Lone Star Real Estate Fund III 2013 $7.0B 19 months 20 $20.6B 1,313
Lone Star Fund VIII 2013 $5.1B 13 months 20 $19.1B 47,435
Lone Star Fund VII 2010 $4.6B 39 months 32 $11.9B 22,491
Lone Star Real Estate Fund II 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 46 $1.4B 732
Brazos Fund 1995 $250M 15 months 19 $1.3B 3,878

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

(2) As of June 30, 2018, Lone Star Fund X, Lone Star Residential Mortgage Fund I and Lone Star Real Estate Fund V were in their investment periods. 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.

(4) ) Includes investments such as credit cards, residential whole loans, hotels and golf-related assets that are monitored by Hudson and directly serviced by a specialty management company. Assets reported under LSF IV include 511,484 credit card assets.

(5) In keeping with Lone Star’s conservative approach to fund sizes and the slower than anticipated investment pace for this new product, effective July 1, 2016, the general partner of Lone Star Residential Mortgage Fund I agreed with limited partners to decrease commitments by half to $674 million, to cancel all future management fees, and to rebate 25% of management fees already charged in recognition of the reduced fund size.