LBC Credit Partners has raised $637.9 million for its LBC Credit Partners IV, per a SEC filing. The Philadelphia-headquartered firm began fundraising in 2015 with a $600 million target.
Its previous fund raised $839 million in 2014.
Investors that committed to LBC Credit Partners IV include the Dallas/Fort Worth Airport, City of Austin Police Retirement System (CAPRS) and the Alaska Permanent Fund.
The fund will target senior debt opportunities in a diverse number of sectors in North America.