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OSP closes Value Fund IV at over $600m

O’Brien-Staley Partners (OSP) has held the final close of OSP Value Fund IV, having secured over $600m in fresh capital commitments, with significant support from existing LPs and bringing the firm’s inception-to-date total fundraising to $2.3bn.

OSP began fundraising in the first quarter of 2023 and surpassed its original fundraising target in only 44 business days, without a placement agent. As well as existing LPs, many of whom have steadily increased their commitments since the inception of OSP’s first value fund nearly a decade ago, additional capital was raised from a handful of new institutional investors.

Led by its CEO and CIO, Jerry O’Brien, OSP Value Fund IV will look to invests in “unloved” US Commercial & Industrial (C&I) credits, with a focus on $5-$25 million transaction sizes.

OSP believes that there is a persistent opportunity to profit from market dislocations in “out-of-favour, orphaned or criticised” small balance credits as these investments often lack a natural investor base. Since its inception in 2010, OSP has invested over $2.2bn in such investments, with the OSP team having also invested over $3bn in similar transactions over 17 years at a prior firm.

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