Lone Star Funds is an SEC-registered investment adviser based in Dallas, TX that reports managing 15 hedge funds on Form ADV. It reports $35.7 billion in regulatory assets under management. Its private funds, of all types, hold $39.9 billion in gross assets.
- Regulatory assets under management
- $35.7 billionForm ADV Item 5.F
- Gross assets of private funds
- $39.9 billionAll private fund types, Form ADV
- Hedge funds managed
- 1533 private funds in total
- Employees
- 36Form ADV Item 5.A
- Registration
- SEC-registered adviserCRD 160000
- Latest Form ADV
- 08/31/2026Disciplinary disclosures: yes, see SEC record
Private funds reported on Form ADV (37)
Fund
Gross assets
Minimum
Owners
Adviser
Lone Star Fund XI, L.P.
BermudaHedge fund
Gross assets$8.3B
Minimum$25.0M
Owners154
AdviserLone Star Funds
Lone Star Fund XII, LP
BermudaPrivate equity fund
Gross assets$5.3B
Minimum$25.0M
Owners73
AdviserLone Star Funds
Lone Star Real Estate Fund VI, L.P.
BermudaHedge fund
Gross assets$4.3B
Minimum$25.0M
Owners80
AdviserLone Star Funds
Lone Star Fund X (Bermuda), L.P.
BermudaHedge fund
Gross assets$2.2B
Minimum$25.0M
Owners59
AdviserLone Star Funds
Lone Star Real Estate Fund VII, L.P.
BermudaReal estate fund
Gross assets$2.0B
Minimum$25.0M
Owners31
AdviserLone Star Funds
Lone Star Fund X (U.S.), L.P.
Delaware, United StatesHedge fund
Gross assets$1.9B
Minimum$25.0M
Owners101
AdviserLone Star Funds
Lone Star Fund IX (U.S.), L.P.
Delaware, United StatesPrivate equity fund
Gross assets$1.8B
Minimum$25.0M
Owners96
AdviserLone Star Funds
Lone Star Fund IX (Bermuda), L.P.
BermudaPrivate equity fund
Gross assets$1.7B
Minimum$25.0M
Owners40
AdviserLone Star Funds
Lone Star Real Estate Fund IV (U.S.), L.P.
Delaware, United StatesHedge fund
Gross assets$1.3B
Minimum$25.0M
Owners82
AdviserLone Star Funds
Lone Star Real Estate Fund IV (Bermuda), L.P.
BermudaHedge fund
Gross assets$1.2B
Minimum$25.0M
Owners43
AdviserLone Star Funds
Lone Star Value-Add Fund I, L.P.
Cayman IslandsHedge fund
Gross assets$892M
Minimum$25.0M
Owners31
AdviserLone Star Funds
Lone Star Fund IX Parallel (Bermuda), L.P.
BermudaPrivate equity fund
Gross assets$830M
Minimum$25.0M
Owners23
AdviserLone Star Funds
Lone Star Residential Mortgage Fund III, L.P.
BermudaHedge fund
Gross assets$801M
Minimum$25.0M
Owners4
AdviserLone Star Funds
Lone Star Value-Add Fund II, L.P.
BermudaHedge fund
Gross assets$594M
Minimum$25.0M
Owners5
AdviserLone Star Funds
Lone Star Real Estate Fund V (Bermuda), L.P.
BermudaHedge fund
Gross assets$515M
Minimum$25.0M
Owners38
AdviserLone Star Funds
Lone Star Real Estate Fund V (U.S.), L.P.
Delaware, United StatesHedge fund
Gross assets$506M
Minimum$25.0M
Owners65
AdviserLone Star Funds
Lone Star Fund VIII (U.S.), L.P.
Delaware, United StatesPrivate equity fund
Gross assets$451M
Minimum$20.0M
Owners111
AdviserLone Star Funds
Lone Star Residential Mortgage Fund II, L.P.
BermudaHedge fund
Gross assets$433M
Minimum$25.0M
Owners7
AdviserLone Star Funds
Lone Star Fund VIII (Bermuda), L.P.
BermudaPrivate equity fund
Gross assets$414M
Minimum$20.0M
Owners44
AdviserLone Star Funds
JDFW Investors, L.P.
Cayman IslandsPrivate equity fund
Gross assets$186M
Minimum$55K
Owners3
AdviserLone Star Funds
Lone Star Residential Mortgage Fund I Holdings (Bermuda), L.P.
BermudaHedge fund
Gross assets$140M
Minimum$10.0M
Owners11
AdviserLone Star Funds
Lone Star Residential Mortgage Fund I (U.S.), L.P.
Delaware, United StatesHedge fund
Gross assets$79.0M
Minimum$10.0M
Owners16
AdviserLone Star Funds
Lone Star Fund V (U.S.), L.P.
Delaware, United StatesPrivate equity fund
Gross assets$58.9M
Minimum$10.0M
Owners65
AdviserLone Star Funds
Lone Star Fund VI (U.S.), L.P.
Delaware, United StatesPrivate equity fund
Gross assets$47.6M
Minimum$10.0M
Owners97
AdviserLone Star Funds
Lone Star Fund V (Bermuda), L.P.
BermudaPrivate equity fund
Gross assets$41.2M
Minimum$10.0M
Owners10
AdviserLone Star Funds
Lone Star Fund VI (Bermuda), L.P.
BermudaPrivate equity fund
Gross assets$39.8M
Minimum$10.0M
Owners17
AdviserLone Star Funds
Lone Star Real Estate Fund III (U.S.), L.P.
Delaware, United StatesReal estate fund
Gross assets$31.8M
Minimum$25.0M
Owners116
AdviserLone Star Funds
Lone Star Real Estate Fund (U.S.), L.P.
Delaware, United StatesReal estate fund
Gross assets$30.3M
Minimum$10.0M
Owners72
AdviserLone Star Funds
Lone Star Real Estate Fund III (Bermuda), L.P.
BermudaReal estate fund
Gross assets$29.1M
Minimum$10.0M
Owners43
AdviserLone Star Funds
Lone Star Real Estate Fund (Bermuda), L.P.
BermudaReal estate fund
Gross assets$25.3M
Minimum$10.0M
Owners9
AdviserLone Star Funds
Lone Star Fund IV (U.S.), L.P.
Delaware, United StatesPrivate equity fund
Gross assets$22.9M
Minimum$10.0M
Owners38
AdviserLone Star Funds
Lone Star Fund IV (Bermuda), L.P.
BermudaPrivate equity fund
Gross assets$15.7M
Minimum$10.0M
Owners11
AdviserLone Star Funds
Lone Star Real Estate Fund II (U.S.), L.P.
Delaware, United StatesReal estate fund
Gross assets$9.6M
Minimum$10.0M
Owners131
AdviserLone Star Funds
Lone Star Real Estate Fund II (Bermuda), L.P.
BermudaReal estate fund
Gross assets$8.4M
Minimum$10.0M
Owners33
AdviserLone Star Funds
Lone Star US Investments, L.P.
Delaware, United StatesPrivate equity fund
Gross assets$4.6M
Minimum$100K
Owners16
AdviserLone Star Funds
Lone Star Fund VII (U.S.), L.P.
Delaware, United StatesPrivate equity fund
Gross assets$0
Minimum$10.0M
Owners91
AdviserLone Star Funds
Lone Star Fund VII (Bermuda), L.P.
BermudaPrivate equity fund
Gross assets$0
Minimum$10.0M
Owners41
AdviserLone Star Funds
As reported in the adviser's Form ADV filed May 2, 2024. Funds also listed from Form D are shown above.
From SEC filings. Firm data comes from the SEC's Form ADV data as of Oct 2, 2026; performance estimates come from Form 13F. AltMountain has not verified this information, and it is not an offer, solicitation or recommendation. Full disclosures