Lone Star to open first South American office

The firm is planning to establish an office in Argentina this summer, following the appointment of a president for its Latin American operations last year.

Private equity and debt investor Lone Star Funds is opening an office in Argentina this summer, Private Equity International has learned.

A source familiar with the matter told PEI the Dallas-based firm is planning to open the office there as part of the firm’s effort to ramp up its activities in South America. The office would be the firm’s first office on the continent.

Lone Star, which manages $67 billion in assets, already began increasing its presence in the region. Over the summer, the firm hired Brian Collyer as a president focused on Latin America, responsible for directing deal origination activities in the region, according to its website.

Prior to joining Lone Star, Collyer was a managing director and global head of RBC Real Estate Capital Partners, an arm of the Royal Bank of Canada that provides debt to real estate owners and financial sponsors in the US and Europe, according to the unit’s website.

The source did not have information on the month of Collyer’s appointment.

Lone Star has three other regional presidents: Sam Loughlin, who oversees deal origination in North America; Olivier Brahin in Europe; and Mark Newman in Asia.

The firm currently has 12 offices in Amsterdam, Frankfurt, Madrid, Paris, London, New York, Dallas, Miami, Hamilton, Hong Kong, Singapore and Tokyo, according to its website.

In November, it held a final close on its 10th flagship fund, Lone Star Fund X, on $5.6 billion, ahead of its $5 billion target, as reported by PEI. The fund targets private equity and debt investments in North America, Latin America, Europe and Asia-Pacific. It was unclear how much the fund had deployed at press time.

Lone Star declined to comment.