Ex-Lone Star Bankers Target €10 Billion Real Estate Asset Goal

Two former Lone Star executives are seeking to double assets under management at their investment firm to 10 billion euros ($11.5 billion), as part of plans to compete with larger European rivals.
Stoneshield Capital Ltd, founded by Juan Pepa and Felipe Morenes – son of Banco Santander SA chairman Ana Botin – started raising capital for a sixth fund after growing assets under management to about €5 billion since starting out in 2017, they said in an interview. They’re now seeking about €1 billion in their sixth fundraising round and aim to hit the €10 billion asset mark within the next five years.