Z Capital Partners has raised $286.5 million to date for its Z Capital Partners III, according to a SEC filing. The Lake Forest-headquartered firm has set a $1 billion 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 Z Capital Partners III include the New Mexico Educational Retirement Board.
The fund will target mezzanine debt opportunities in a diverse number of sectors in North America.