For purposes of this brochure, “we,” “us,” “our,” and “LSGA” refer to Lone Star Global Acquisitions, Ltd. together (where the context permits) with its parent and subsidiaries that provide investment advisory services.
A. Organization
Founded in 1995, Lone Star is a global private equity firm with Funds that invest in real estate, equity, credit and other financial assets. Lone Star provides investment advisory and related services to a family of closed-end private funds (the “Funds”) and certain related investment vehicles as discussed under “Advisory Clients” below (which we refer to collectively with the Funds as our “Clients”) from offices in North America, Europe, Asia, and Latin America. LSGA, a Bermuda exempted limited company, was formed in 1998. The common shares of LSGA are wholly owned by LSGA Holdings, Ltd., a Bermuda exempted limited company, which is wholly owned by Mr. John Grayken. LSGA directly or indirectly owns 100% of the filing adviser LSNAALP and each of the relying advisers and participating affiliates listed in Item 10 (other than LSGA Holdings, Ltd.). Prior to 2007, the Funds made all of their investments in a single fund family. In 2007, beginning with Lone Star Fund VI and Lone Star Real Estate Fund, Lone Star decided to utilize separate Funds for commercial real estate-related investments (generally known as its “Real Estate Funds”) and for all other investment classes, including non-commercial real estate loans and securities (single-family residential, consumer, and corporate) and financial and other operating companies (generally known as its “Opportunity Funds”). In 2014, Lone Star also organized the first of a series of Funds focused on U.S. single family residential mortgage loans and related investments.
B. Advisory Clients
As set forth below, our advisory clients are the Funds and certain fee-paying Co-Investment Vehicles (as defined below). In particular,  The Funds are pooled investment vehicles that are not registered under the U.S. Investment Company Act of 1940, as amended (the “Investment Company Act”), and whose securities are not registered under the U.S. Securities Act of 1933, as amended (the “Securities Act”). The Funds’ investors are “qualified purchasers,” as defined in the Investment Company Act and “accredited investors” within the meaning of Regulation D promulgated under the Securities Act by the SEC, and may include, among others, corporate and public pension funds, sovereign wealth funds, university endowments, foundations, funds of funds and high net worth individuals. Additionally, in order to meet tax, regulatory or other requirements, certain investors invest in substantially the same portfolio as an applicable Fund through specially formed investment vehicles, which we also advise (each a “Special Investment Vehicle”).  From time to time, we also form capital around particular or multiple investment strategies or themes, or establish, for a specific investment, investment vehicles through which certain persons generally invest alongside one or more Funds (each, a “Co-Investment Vehicle”). The investors in Co- Investment Vehicles may consist of investors in the respective Fund(s) as well as investors that have not invested in the respective Fund(s).
C. Nature of Advisory Services
The Funds invest in a broad range of financial and other investment assets in various U.S. and non-U.S. jurisdictions, subject to the specific objectives and restrictions in each Fund’s organizational or offering documents and/or side letter agreements negotiated with its investors (collectively, the “Governing Documents”). These assets include, but are not limited to:  Commercial and single family residential real estate-secured debt, corporate debt and consumer debt (including newly or recently issued loans as well as more seasoned assets);  Direct and indirect equity investments in real estate and real estate-related assets;  Control investments in financially oriented and other operating companies; and  Securitized products such as residential mortgage-backed securities (“RMBS”), collateralized debt obligations (“CDOs”) (the underlying assets of which generally consist of RMBS), commercial mortgage-backed securities (“CMBS”), and other asset-backed securities (“ABS”). A Fund may invest in assets directly or indirectly through special purpose entities formed to hold the Fund’s investments (each such entity is referred to as a special purpose vehicle or “SPV”).
D. Advisory Services and Related Agreements.
We generally provide investment advisory services to each Client pursuant to a separate investment advisory agreement, each of which we refer to as an “Advisory Agreement.” Each Client’s Advisory Agreement sets forth the terms of the investment advisory services we provide to the Client. Investment guidelines for each Client are generally established in its Governing Documents. We provide investment advice directly to Clients, and not to their underlying investors.
E. Investment Process
LSGA maintains an investment committee for each currently investing Fund that is responsible for evaluating potential investments for the Fund. Each investment committee typically includes the Chairman of LSGA, the President of LSGA, the principals of Lone Star who direct operations of Lone Star in each geographic region (each a “Regional President”), as relevant for such Fund, and the General Counsel of Lone Star (as a non-voting member). If an investment is approved by the investment committee, it is presented to the general partner of the applicable Fund for final approval. The general partners of the Funds (each a “General Partner” and collectively the “General Partners”) are related persons of Lone Star. The investment committee and investment approval process for each Fund is provided in its Governing Documents. Hudson Advisors L.P. (“HAL”), a related person of Lone Star and an SEC-registered investment adviser, provides investment advisory and related services to the Funds. HAL, Hudson Americas L.P. (“HAM”), and HAM’s relying advisers and participating affiliates (collectively, “Hudson”) typically provide due diligence and analysis services with respect to potential Fund investments to support evaluation and execution of such investments by Lone Star. After an investment is acquired, Hudson is engaged to provide asset management services. Lone Star is not involved in the day-to-day asset management of Fund investments, but rather provides strategic oversight and advice with respect to the management and ultimate resolution of these assets. Hudson also provides various ancillary services to the Funds and their investments, including hedging, accounting, administration, periodic reporting, legal, compliance, tax, audit, cash management, risk management advice, operating company oversight, communications, information technology development and other similar and related services. Hudson also provides certain services directly to LSGA. Further information regarding Hudson and its services may be found in Items 5, 10, and 11 and in the Form ADV Part 2 brochure for Hudson.
F. Assets Under Management
As of December 31, 2018, Lone Star managed on a discretionary basis a total of $38,598,900,171 of Client assets. please register to get more info

Open Brochure from SEC website
Pooled Investment Vehicles $40,251,159,269
Discretionary $40,251,159,269
Non-Discretionary $
Registered Web Sites

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