Lone Star Funds

Founded by John Grayken in 1995, Lone Star Funds emerged from his work resolving assets from the U.S. savings and loan crisis. The firm initially focused on distressed assets through its predecessor, Brazos Fund, before expanding globally into Canada, East Asia following the 1997 financial crisis, and later the Eurozone. To date, the firm has organized 25 private equity funds with total capital commitments exceeding $95 billion.

The firm operates in conjunction with Hudson Advisors LP, a global asset management company owned by Grayken that provides due diligence, analysis, and asset management services. Since its inception, Hudson Advisors has managed over $260 billion in assets for Lone Star. Lone Star's investment reach spans multiple continents, maintaining affiliate offices in North America, Europe, and Japan.

Lone Star is known for its opportunistic investment style, often targeting asset-heavy or cash-flowing opportunities in developed markets. Its activity includes significant acquisitions in the banking sector, real estate development, and industrial services. Notably, the firm has participated in large-scale distressed debt purchases, including significant portfolios from Merrill Lynch and Lehman Brothers during the global financial crisis.