Managers/Private equity/Texas/Lone Star Funds

Lone Star Funds

Lone Star Funds is a private equity manager in Dallas, TX. It is registered with the SEC as an investment adviser with $35.7B in regulatory assets and 36 staff. It has 8 funds on file, the latest reported in April 2026.

Funds on file
8
Raised, all funds
$9.8B
Regulatory assets
$35.7B
Staff
36
Pension investors
1
See the adviser's own filing →

Latest fund filing

Funds

DateFundTypeRaisedTarget
Apr 2026 Lone Star Fund XIII, L.P. Private equity $0 Not given
Mar 2026 Lone Star Residential Mortgage Fund IV, L.P. Private equity $1B Not given
Oct 2024 Lone Star Investors, LLC Private equity $562.5K $562.5K
Jul 2024 Lone Star Fund XII, L.P. Private equity $5.3B Not given
Feb 2024 Lone Star Real Estate Fund VII, L.P. Private equity $2B Not given
Mar 2023 Lone Star Residential Mortgage Fund III, L.P. Private equity $200M Not given
Jan 2022 Lone Star Value-Add Fund II, L.P. Private equity $610M Not given
Aug 2020 Lone Star Value-Add Fund I, L.P. Private equity $750.8M Not given

Adviser record

RegistrationRegistered with the SEC as an investment adviser.
Regulatory assets$35.7B
Employees36
Clients31 private funds.
Control personsJohn, Patrick Grayken, Vinay Khandelwal, Michael, David King, Faith, LaNette McManus, Rebecca, Michele Smith.
Private funds37 private funds holding $36.2B in gross assets.

Private funds it reports

FundTypeGross assets
Lone Star Fund XI Hedge fund $8.3B
Lone Star Fund Xii Private equity $5.3B
Lone Star Real Estate Fund VI Hedge fund $4.3B
Lone Star Fund X (bermuda) Hedge fund $2.2B
Lone Star Real Estate Fund Vii Real estate $2B
Lone Star Fund X (U.S.) Hedge fund $1.9B
Lone Star Fund IX (U.S.) Private equity $1.8B
Lone Star Fund IX (bermuda) Private equity $1.7B
Lone Star Real Estate Fund IV (U.S.) Hedge fund $1.3B
Lone Star Real Estate Fund IV (bermuda) Hedge fund $1.2B
Lone Star Value-add Fund I Hedge fund $892.4M
Lone Star Fund IX Parallel (bermuda) Private equity $830M
Lone Star Residential Mortgage Fund Iii Hedge fund $801.2M
Lone Star Value-add Fund II Hedge fund $593.8M
Lone Star Real Estate Fund V (bermuda) Hedge fund $514.9M