O’Brien-Staley Partners raises $541.8m

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O’Brien-Staley Partners has raised $541.8 million to date for its OSP Value Fund II, per a SEC filing. The Edina-headquartered firm has set a $600 million target and began fundraising in 2017. The SEC filing did not disclose whether the capital raise constituted a final or interim close.

Investors that committed to OSP Value Fund II include the Metropolitan Government of Nashville and Davidson County Employees' Benefit Trust Fund.

The fund will target distressed debt opportunities in a diverse number of sectors in North America.