The Catalyst Capital Group has closed its most recent distressed-for-control fund with over $1 billion of capital commitments. Catalyst Capital had sought $1.25 billion of commitments for the Catalyst Fund Limited Partnership III.

The investment professionals of the firm have also invested $20 million in limited partner commitments. The senior Catalyst team includes managing partner Newton Glassman, managing director and partner Gabriel de Alba, and managing director and COO Jim Riley.

Click here for the release from Canada Newswire.