Lone Star Funds

GREENVILLE, S.C., Nov. 23 /PRNewswire/ -- BI-LO, LLC and certain affiliates (the "Company" or "BI-LO") announced that on November 20, 2009, the Company filed its Plan Of Reorganization (the "Plan") and Disclosure Statement (the "Disclosure Statement") with the United States Bankruptcy Court for the District of South Carolina (the "Court"). The Plan is sponsored by Lone Star Funds and includes a $350 million cash infusion, funded by a $150 million new equity investment by Lone Star and $200 million ...

PHOENIX, AZ -- (MARKET WIRE) -- 10/13/09 -- Jeff Walton, the former CEO of Bear Stearns Residential Mortgage and Greg Russell, formerly a Managing Director of Hudson Advisors, the asset management operation for Lone Star Funds, announced today that they have joined forces with First Arizona Savings FSB to launch a residential mortgage origination platform, focused on opportunities in the Western U.S. with plans to expand nationally. The mortgage origination platform, National Residential Mortgage, a division of First Arizona Savings ...

NEW YORK--(BUSINESS WIRE)-- Fitch Ratings upgrades the U.S. residential servicer rating for Vericrest Financial, Inc. (Vericrest) as follows: --Residential Primary servicer rating for subprime product to 'RPS3' from 'RPS3-'. Although Vericrest has a limited operating history under the new ownership, Lone Star Funds (Lone Star), a non-publicly rated entity, the upgrade reflects Vericrest's seasoned management team, reliable loan administration, enhanced default management practices, and strong technology platform. Vericrest is a privately held ...

Lone Star Funds bought $239 million of mortgages from CIT Group (NYSE: CIT) back in July 2008. It also bought CDOs from Merrill Lynch before its firesale to Bank of America (NYSE: BAC).

According to reports from the Wall Street Journal, China's sovereign-wealth fund, China Investment Corp., is looking to invest in U.S ...