Private Equity Giant Lone Celebrity Shakes Up North American Ranks

Private Equity Giant Lone Celebrity Shakes Up North American Ranks

Lone Star’s creator, John Grayken, in 2006.

Credit. Chung Sung-Jun/Getty Images

Lone Star Funds, a large personal equity firm that focuses on buying up troubled assets — soured mortgages in specific — is undergoing a shake-up into the handling of its us operations.

Sam Loughlin, that has struggled to obtain the firm that is dallas-based almost nine years, stepped straight down on Thursday as president of the united states unit, the organization stated. (more…)