Fundamental Advisors has raised $993 million to date for its Fundamental Partners III, per a SEC filing. The New York-headquartered firm has set a $750 million target and began fundraising in 2014. The SEC filing did not disclose whether the capital raise constituted a final or interim close.
Its previous fund raised $450 million in 2013.
Investors that committed to Fundamental Partners III include the Arizona Public Safety Personnel Retirement System and the Kentucky Retirement Systems.
The fund will target distressed debt opportunities in energy and healthcare sectors in North America.