Global alternative investments asset manager Lone Star Funds is targeting at least $6.5bn for its latest fund, a person familiar with the matter said. The report comes as South Korean prosecutors finished questioning Lone Star’s chairman, John Grayken, and said he was free to leave the country and thereby signalling the end is near in a protracted investigation of one of the country’s biggest deals made by a foreigner.

The report comes as South Korean prosecutors finished questioning Lone Star’s chairman, John Grayken, and said he was free to leave the country and thereby signalling the end is near in a protracted investigation of one of the country’s biggest deals made by a foreigner, according to Dow Jones Private Equity Analyst, a trade journal.