Lone Star Funds closed its latest fund at its highest amount of committed capital yet.

The Dallas-based firm announced on 14 February that it had closed, Lone Star Fund XI, on approximately $8.2 billion, which beat its target of $6 billion in less than a year.

This fund will operate a similar strategy to its preceding opportunity funds, according to a previous report by Private Debt Investor’s sister publication, PERE. This strategy focuses on distressed debt and equity opportunities mainly in Europe, according to meeting documents from the New Mexico Educational Retirement Board.

The fund will invest in corporate and residential non-performing loans, corporate debt, equity investments in financial institutions, and other equity investments, the pension documents stated.

The fund received multiple repeat investors from Fund X including: Chicago Police and Annuity and Benefits Fund ($15 million), New York State Teachers’ Retirement System ($100 million), Los Angeles Fire and Police Pension System ($40 million) and from the Teacher Retirement system of Texas ($300 million).

Lone Star Fund X closed in 2016 with $5.5 billion in capital commitments, which beat its $5 billion target.

Lone Star declined to comment.

Lone Star Funds is an investment firm that was founded in 1995. Since the firm’s founding, it has approximately $80 billion of capital commitments.