Providence Equity raises $667.2m

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Providence Equity Partners has raised $667.2 million for its Benefit Street Partners Special Situations Fund, according to a SEC filing. The Providence-headquartered firm had a $500 million target and began fundraising in 2016.

Investors that committed to Benefit Street Partners Special Situations Fund include the New Jersey Division of Investment.

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