Credit
$67.3 Billion
Underwritten since inception
$34.3 Billion
Aggregate purchase price
89
Investments
Lone Star’s credit strategy includes both our corporate credit investments and our performing mortgage investments.
Residential Credit
The standalone Residential Mortgage Fund series was launched in 2014 to fill a gap in the U.S. residential market, given the U.S.’s ongoing need for private capital to fund mortgages to borrowers who fall outside government-backed Agency lending rules. The Residential Mortgage Fund series programmatically invests in newly originated, performing non-Agency mortgage loans in the U.S.
As of June 30, 2025, Lone Star Funds’ aggregate purchase of 89 credit investments totaled approximately $34.3 billion (including acquisition financing and co-investors). Since inception, certain Lone Star Funds purchased more than $18 billion unpaid principal balance of mortgage loans across 35,000 individual mortgages nationwide. Lone Star developed a securitization platform known as COLT to finance the investments and has issued over 60 COLT securitizations as of June 30, 2025.
Corporate Credit
Throughout the firm’s history, the Lone Star Funds have consistently made investments across the spectrum of corporate debt, including stressed and distressed corporate loans, capital solutions and special situations.
Corporate credit remains an important strategy for the firm.
Lone Star has invested in corporate credit through its Opportunity Funds series.
Investment Platforms
Lone Star has established investment holding platforms to consolidate and centralize investment holding, management, and related operational activities. Formed in 2000 and 2003, respectively, Lone Star International Finance DAC (“LSIF”) and Lone Star Capital Investments S.à r.l. (“LSCI”) hold investments across multiple geographies, including in Europe and Asia Pacific, and across multiple asset classes, including:
- Equity and debt investments in value-oriented assets, including corporate, commercial and single-family residential real estate and consumer debt;
- Other real estate and real estate-related assets;
- Control investments in financially oriented and other operating companies; and
- Securitized products such as RMBS (residential mortgage-backed securities), CMBS (commercial mortgage-backed securities), and other asset-backed securities.
LSIF’s and LSCI’s employees have significant experience in managing investments, in coordination with Lone Star and Hudson.
LStar Capital®
LStar Capital is a credit affiliate of Lone Star Funds. LStar Capital provides access to debt across the capital structure and offers a one-stop source of financing and confidence in execution.
Lone Star ResidentialTM
Lone Star Residential is an affiliate of Lone Star Funds. Lone Star Residential, together with its affiliates, is a leader in the U.S. residential mortgage market having purchased over $18 billion mortgage loans from third-party originators as of June 30, 2025. Lone Star Residential, together with its affiliates, finances the acquisition and aggregation of these mortgage loans through its securitization platform, which, as of June 30, 2025, has issued over 60 securitizations of U.S. residential non-Agency mortgage loans.