Kirkland Guides Cressey's $1.1B Health Care Fund Close
By Matthew Guarnaccia (June 18, 2018, 1:06 PM EDT) -- Health care-focused private equity shop Cressey & Co. LP on Monday said it snapped up $1.1 billion from investors for its latest private equity fund and co-investment vehicle, with Kirkland & Ellis LLP guiding the firm.
Cressey scored $995 million in commitments from investors for Cressey & Company Fund VI LP, and an additional $105 million for its related fund. Cressey VI, which closed on June 8, easily exceeded its fundraising target of $750 million.
Cressey said that similar to its other funds, Cressey VI and the co-investment vehicle will be used to invest in various health care services and health-centered...
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