Lone Star Funds

Lone Star Funds is a global private equity firm operating across three core investment verticals: private equity, credit, and real estate. The firm's private equity strategy targets value-oriented investments primarily in companies in the industrials, chemicals, business services and distribution, and financial services sectors, with a historical mandate that has also included portfolios of residential loans, though such transactions have declined in recent years as the firm's focus has narrowed. Transaction types include leveraged and management buyouts, corporate divestitures, going-private transactions, special situations and distressed acquisitions, and secondary buyouts, with the firm pursuing control positions in financially oriented and operating companies, fulcrum corporate debt, and complex situations requiring speed, certainty, and innovative deal structures. Lone Star applies a disciplined, value-investing philosophy that focuses on controllable value creation levers — including revenue growth, margin expansion, cash generation, and M&A — rather than sector or geographic specialization, partnering with management teams to drive operational improvement through its affiliated asset management firm, Hudson Advisors LP. The firm's private equity strategy alone has completed 59 investments with an aggregate purchase price of approximately $63.6 billion as of September 2025 (including acquisition financing and co-investors), while the broader Lone Star platform has organized 25 to 26 funds with aggregate capital commitments of approximately $95 billion to $96 billion since inception. The firm's geographic focus spans North America, Europe, and Asia-Pacific. Founded in 1995 by John P. Grayken, the firm is headquartered in Dallas, Texas, United States, with its principal office now in London, United Kingdom, and additional affiliate offices across Europe and Japan.