Thomas H. Lee Partners has raised $310.3 million to date for its THL Credit Direct Lending Fund III, per a SEC filing. The Boston-headquartered firm has set a $350 million target and began fundraising in 2016. The SEC filing did not disclose whether the capital raise constituted a final or interim close.
Its previous fund raised $187 million in 2013.
Investors that committed to THL Credit Direct Lending Fund III include the University of Michigan.
The fund will target senior debt opportunities in a diverse number of sectors in North America.