Crescent nears first close as PEP drops out of Orica sale
Private equity firm Crescent Capital Partners is on track to raise $650 million for its fifth fund by first quarter 2015, setting the benchmark for other sponsors seeking to pass the can around this year.
Private equity firm Crescent Capital Partners is on track to raise $650 million for its fifth fund by first quarter 2015, setting the benchmark for other sponsors seeking to pass the can around this year.
In a heartening sign for a handful of Crescent’s rivals planning raisings in coming months, it is understood the Michael Alscher-led firm is poised to sign off on its first close within weeks.
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