Strategic Value Partners raises $676.8m

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Strategic Value Partners has raised $676.8 million to date for its Strategic Value Special Situations Fund IV, per a SEC filing. The Greenwich-headquartered firm has set an undisclosed 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 $1.31 billion in 2014.

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