<p>Distressed investments specialist Solace Capital Partners has raised $576 million in capital commitments for its inaugural fund.</p> <p>The new vehicle, named Solace Capital Special Situations Fund, closed well in excess of its $500 million target, according to the company.&nbsp;</p> <p>Solace focuses on distressed-for-control and special situations investments in North America. The company has flexible capital and targets opportunities in complex, distressed or capital-constrained, lower-middle market companies across numerous industries. Typical investment size ranges from $10 million to $75 million.</p>