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 joined Lone Star in 2018 and most recently served as Senior Managing Director for Global Origination, overseeing investment strategy and policy for the firm's commercial real estate funds.
- • Prior to Lone Star, Foulon spent six years at PSP Investments where he managed acquisition and asset management of more than $20 billion in large-scale recapitalizations and privatizations globally.
- • Lone Star has deployed $265 billion in aggregate purchase price across more than 580 investments and 2,300 transactions as of September 30, 2024, and has raised more than $61 billion since 2013.
- • The appointment reinforces Lone Star's institutional depth in commercial real estate, with Foulon holding a CFA designation and dual economics degrees from HEC Montreal.
Summary
Lone Star has named Jérôme Foulon as Global Head of Commercial Real Estate, a significant leadership transition following the retirement of André Collin after 17 years leading the division. The announcement was made to Limited Partners and employees across Lone Star's offices in Dallas, New York, London, and Tokyo.
Foulon brings substantial institutional real estate experience to the role. He joined Lone Star in 2018 and has progressed through multiple senior positions, most recently serving as Senior Managing Director for Global Origination, where he directed investment strategy and policy oversight for Lone Star's commercial real estate fund portfolio. His professional background includes a six-year tenure at PSP Investments, where he held managing director responsibility for acquiring and managing more than $20 billion of complex recapitalizations and privatizations on a global basis. Foulon holds a Chartered Financial Analyst designation and dual degrees in economics (bachelor's and master's) from HEC Montreal.
Lone Star itself operates as a global private equity firm with a 29-year track record since establishing its first fund in 1995. The firm has organized 25 private equity funds with approximately $95 billion in aggregate capital commitments across three fund series: Commercial Real Estate, Opportunity Funds, and U.S. Residential Mortgage Funds. Since 2013 alone, Lone Star has raised more than $61 billion for investment. The firm's transaction database reflects substantial scale, with more than 580 closed or committed investments across 2,300 transactions at an aggregate purchase price of approximately $265 billion (inclusive of acquisition financing and co-investor capital) as of September 30, 2024.
Foulon's appointment underscores Lone Star's commitment to maintaining senior leadership continuity in its largest asset class during a period of significant market evolution in commercial real estate.
Foulon brings substantial institutional real estate experience to the role. He joined Lone Star in 2018 and has progressed through multiple senior positions, most recently serving as Senior Managing Director for Global Origination, where he directed investment strategy and policy oversight for Lone Star's commercial real estate fund portfolio. His professional background includes a six-year tenure at PSP Investments, where he held managing director responsibility for acquiring and managing more than $20 billion of complex recapitalizations and privatizations on a global basis. Foulon holds a Chartered Financial Analyst designation and dual degrees in economics (bachelor's and master's) from HEC Montreal.
Lone Star itself operates as a global private equity firm with a 29-year track record since establishing its first fund in 1995. The firm has organized 25 private equity funds with approximately $95 billion in aggregate capital commitments across three fund series: Commercial Real Estate, Opportunity Funds, and U.S. Residential Mortgage Funds. Since 2013 alone, Lone Star has raised more than $61 billion for investment. The firm's transaction database reflects substantial scale, with more than 580 closed or committed investments across 2,300 transactions at an aggregate purchase price of approximately $265 billion (inclusive of acquisition financing and co-investor capital) as of September 30, 2024.
Foulon's appointment underscores Lone Star's commitment to maintaining senior leadership continuity in its largest asset class during a period of significant market evolution in commercial real estate.
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