Lone Star Funds
Lone Star Funds are closed-end, private-equity limited partnerships that include corporate and public pension funds, university endowments, foundations, bank holding companies, family trusts and insurance companies. Since 1995, the principals of Lone Star have organized private equity funds totaling more than $13.3 billion to invest globally in secured and corporate unsecured debt instruments, real estate related assets and select corporate opportunities.
Lone Star Funds made headlines in July 2008 after buying $30.6 billion gross notional amount of U.S. super senior ABS CDOs for $6.7 billion (22 cents on the dollars) from Merrill Lynch (NYSE: MER), with Merrill financing 75% of the purchase price.
NEW YORK--(BUSINESS WIRE)-- Fitch Ratings upgrades Hudson Advisors LLC's commercial mortgage-backed securities (CMBS) primary servicer rating to 'CPS3+' from 'CPS3' and special servicer rating to 'CSS2' from 'CSS2-'. The primary servicer rating is based on the company's ability to service commercial mortgage loans, the highly seasoned management and staff, and its strong technology. The special servicer rating reflects Hudson's continued ability to workout, reposition, manage and liquidate commercial real estate loans and assets. The upgrades reflect new proprietary servicing technology imported from Hudson Advisors' German affiliate and the ...
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