Lone Star Funds
Lone Star Funds is a private equity firm established in 1995, with its headquarters in Dallas, Texas, and an operational presence in London, United Kingdom. The firm specializes in investing globally in distressed assets, including real estate, corporate equity, consumer debt products, banks, and asset-rich operating companies. Over the years, Lone Star has organized twelve private equity funds, amassing aggregate capital commitments exceeding $45 billion. As a Registered Investment Adviser, the firm focuses on acquiring distressed debt and equity assets, leveraging its expertise to navigate complex financial situations and generate value for its investors.
Novo Banco is a financial institution that offers a wide range of products and services to private, corporate, and institutional customers. Its operations are structured into several segments, including Domestic Commercial Banking, International Commercial Banking, Asset Management, Life Insurance, and Markets. The bank provides services such as deposit accounts, mortgage loans, credit orders, and various types of insurance, alongside investment fund management and brokerage services. Novo Banco aims to deliver comprehensive financial solutions, enabling clients to access multiple services conveniently in one location.
Accredited Home Lenders was a mortgage banking company that specialized in originating, acquiring, servicing, and selling primarily subprime single-family mortgages to homebuyers across the United States who typically did not meet conventional lending criteria. The company operated through a network of independent mortgage brokers and focused on assessing borrowers based on their willingness and ability to repay loans, as well as the suitability of collateral. In 2007, Accredited Home Lenders was acquired by Lone Star Funds for approximately $400 million, which was followed by an additional $100 million investment. Despite these efforts, the company struggled financially and ultimately filed for Chapter 11 bankruptcy in May 2009.
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