Fund name: Fundamental Partners IV
Target size: $1 billion
Launch date: July 2020
Fundamental Advisors has launched Fundamental Partners IV with a target of $1 billion, according to a Form D filed by the firm. Capital raised by the fund will be used to invest in distressed companies throughout the United States across diversified sectors including energy and healthcare.
The fund’s predecessor, Fundamental Partners III, held a final closing in April 2017 at $993 million, exceeding its $750 million target.