Key Takeaways
- • Jérôme Foulon appointed Global Head of Commercial Real Estate at Lone Star, succeeding André Collin who retired after 17 years with the firm.
- • Foulon brings $20+ billion in acquisition and management experience from his prior role as Managing Director at PSP Investments, focusing on large-scale recapitalizations and privatizations.
- • Foulon has been with Lone Star since 2018, most recently serving as Senior Managing Director for Global Origination, where he set investment strategy and policy for the firm's commercial real estate funds.
- • Lone Star has deployed $61 billion in capital since 2013 across 580+ investments and 2,300+ transactions valued at approximately $265 billion as of September 2024, positioning Foulon to lead a substantial platform.
- • The appointment consolidates leadership within Lone Star's three-pillar fund structure: Commercial Real Estate Funds, Opportunity Funds, and U.S. Residential Mortgage Funds, with aggregate historical commitments of approximately $95 billion since 1995.
Summary
Lone Star Funds has elevated Jérôme Foulon to Global Head of Commercial Real Estate, effective following the retirement of André Collin, who spent 17 years as a senior leader at the Dallas-headquartered private equity firm. The transition was announced to Limited Partners and employees on November 18, 2024. Foulon's appointment elevates an internal executive with a six-year tenure and substantial institutional real estate investment experience.
Foulon joined Lone Star in 2018 and progressed through senior management ranks, most recently serving as Senior Managing Director for Global Origination. In that capacity, he was responsible for setting investment strategy and policy across Lone Star's commercial real estate fund series. His pre-Lone Star credentials include a seven-year tenure as Managing Director in the real estate division at PSP Investments (Canada's Public Sector Pension Investment Board), where he directly acquired and managed more than $20 billion in complex asset recapitalizations and privatizations on a global basis. Foulon holds bachelor's and master's degrees in economics from HEC Montreal and is a Chartered Financial Analyst.
Lone Star itself represents one of the largest private equity platforms focused on real estate and alternative assets. Since establishing its first fund in 1995, the firm has organized 25 private equity funds with aggregate capital commitments totaling approximately $95 billion. Since 2013 alone, Lone Star has raised more than $61 billion. The firm maintains a three-pillar structure encompassing Commercial Real Estate Funds, Opportunity Funds, and U.S. Residential Mortgage Funds. As of September 30, 2024, Lone Star had closed or committed to close more than 580 investments across 2,300+ transactions at an aggregate purchase price of approximately $265 billion when including acquisition financing and co-investor capital. Foulon's expanded mandate positions him to oversee compliance with investment policy and strategy across this extensive commercial real estate platform during a period of significant interest rate volatility and asset repricing in global real estate markets.
Foulon joined Lone Star in 2018 and progressed through senior management ranks, most recently serving as Senior Managing Director for Global Origination. In that capacity, he was responsible for setting investment strategy and policy across Lone Star's commercial real estate fund series. His pre-Lone Star credentials include a seven-year tenure as Managing Director in the real estate division at PSP Investments (Canada's Public Sector Pension Investment Board), where he directly acquired and managed more than $20 billion in complex asset recapitalizations and privatizations on a global basis. Foulon holds bachelor's and master's degrees in economics from HEC Montreal and is a Chartered Financial Analyst.
Lone Star itself represents one of the largest private equity platforms focused on real estate and alternative assets. Since establishing its first fund in 1995, the firm has organized 25 private equity funds with aggregate capital commitments totaling approximately $95 billion. Since 2013 alone, Lone Star has raised more than $61 billion. The firm maintains a three-pillar structure encompassing Commercial Real Estate Funds, Opportunity Funds, and U.S. Residential Mortgage Funds. As of September 30, 2024, Lone Star had closed or committed to close more than 580 investments across 2,300+ transactions at an aggregate purchase price of approximately $265 billion when including acquisition financing and co-investor capital. Foulon's expanded mandate positions him to oversee compliance with investment policy and strategy across this extensive commercial real estate platform during a period of significant interest rate volatility and asset repricing in global real estate markets.
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