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Lone Star Funds has held a $5.3 billion final close for its 12th opportunity fund, Lone Star Fund XII, L.P. (LSF XII). “With the closing of our latest fund, we will continue to seek value primarily in companies that are affected by ongoing macroeconomic uncertainty and distressed corporate credits, using LSF XII’s flexible mandate to pivot across different markets and asset classes,” said Donald Quintin, CEO and global president of Lone Star.