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Private Equity Giant Lone Celebrity Shakes Up North American Ranks

Private Equity Giant Lone Celebrity Shakes Up North American Ranks

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

Credit. Chung Sung-Jun/Getty Images

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