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Tue May 22, 2012
With JPMorgan’s acquisition of embattled investment bank Bear Stearns close to complete, Dallas-based Lone Star Funds confirming that the private equity firm has agreed to absorb portions of Bear Stearns Residential Mortgage Corp. (Bear Res).
In a statement issued to DSNews.com, a Lone Star spokesperson said, “I can confirm that a Lone Star Funds’ subsidiary and a Lone Star Funds’ affiliate have acquired certain operating assets and rights to certain operating assets of Bear Stearns Residential Mortgage Corporation, respectively. The firm does not intend to comment further on this matter.”
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