Lone Star’s first home mortgage fund beats $1 bln target

Lone Star Funds beat its $1 billion target by about $340 million for its inaugural Lone Star Residential Mortgage Fund I, a private equity pool that will invest in loans originated by its portfolio company, Caliber Home Loans, according to regulatory filings and a source.

Transactions targeted by Lone Star Residential Mortgage Fund I include investments in newly originated performing U.S. single family residential mortgages and related investments, the Texas firm said on its website. Overall, Caliber Home often works with U.S. home buyers that ...

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