Key Takeaways
- • Jérôme Foulon appointed Global Head of Commercial Real Estate at Lone Star, succeeding André Collin who retired after 17 years with the Dallas-based private equity firm.
- • Foulon brings 28 years of real estate industry experience, including prior tenure as Managing Director at PSP Investments where he managed over $20 billion in large-scale recapitalizations and privatizations globally.
- • Foulon has been with Lone Star since 2018, most recently serving as Senior Managing Director for Global Origination, responsible for investment strategy and policy across the firm's commercial real estate funds.
- • Lone Star's scale reflects substantial institutional reach: $95 billion in aggregate capital commitments across 25 funds since 1995, with $61 billion raised since 2013 and 580+ closed or committed investments totaling approximately $265 billion as of September 30, 2024.
Summary
Lone Star Funds has announced the appointment of Jérôme Foulon as Global Head of Commercial Real Estate, marking a significant leadership transition within the Dallas-based private equity firm. Foulon assumes the role following the retirement of André Collin, who spent 17 years at Lone Star. The announcement was made to Limited Partners and employees on November 18, 2024.
Foulon's appointment represents an internal promotion from his previous position as Senior Managing Director for Global Origination, where he directed investment strategy and policy for Lone Star's commercial real estate fund series. His background positions him as a seasoned operator in the asset class. Prior to joining Lone Star in 2018, he served as a Managing Director in the real estate division of PSP Investments, Canada's public sector pension investment manager, where he was directly responsible for acquiring and managing more than $20 billion of large, complex recapitalizations and privatizations across global markets. He holds bachelor's and master's degrees in economics from HEC Montreal and is a Chartered Financial Analyst.
Lone Star itself operates as a global alternative investment platform with substantial institutional capital under management. Since its first fund in 1995, the firm has organized 25 private equity funds with approximately $95 billion in aggregate capital commitments. The firm maintains three fund series: the Commercial Real Estate Fund series, the Opportunity Fund series, and the U.S. Residential Mortgage Fund series. Since 2013, Lone Star has raised more than $61 billion for deployment. As of September 30, 2024, the firm reported vast transactional experience with more than 580 closed or committed investments across 2,300+ transactions at an aggregate purchase price of approximately $265 billion, including acquisition financing and co-investor capital. Foulon's appointment underscores continuity in leadership during a period of active capital deployment across Lone Star's diversified real estate and alternative investment strategies.
Foulon's appointment represents an internal promotion from his previous position as Senior Managing Director for Global Origination, where he directed investment strategy and policy for Lone Star's commercial real estate fund series. His background positions him as a seasoned operator in the asset class. Prior to joining Lone Star in 2018, he served as a Managing Director in the real estate division of PSP Investments, Canada's public sector pension investment manager, where he was directly responsible for acquiring and managing more than $20 billion of large, complex recapitalizations and privatizations across global markets. He holds bachelor's and master's degrees in economics from HEC Montreal and is a Chartered Financial Analyst.
Lone Star itself operates as a global alternative investment platform with substantial institutional capital under management. Since its first fund in 1995, the firm has organized 25 private equity funds with approximately $95 billion in aggregate capital commitments. The firm maintains three fund series: the Commercial Real Estate Fund series, the Opportunity Fund series, and the U.S. Residential Mortgage Fund series. Since 2013, Lone Star has raised more than $61 billion for deployment. As of September 30, 2024, the firm reported vast transactional experience with more than 580 closed or committed investments across 2,300+ transactions at an aggregate purchase price of approximately $265 billion, including acquisition financing and co-investor capital. Foulon's appointment underscores continuity in leadership during a period of active capital deployment across Lone Star's diversified real estate and alternative investment strategies.
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