Cresssey & Company raises $1.1bn

The healthcare investment firm reaches hard cap after just three months on the road.

Cressey & Company, a healthcare-focused investment firm with offices in Chicago and Nashville, held a final close on its sixth flagship vehicle at $995 million with an additional $100 million reserved for co-investments.

Cressey & Company Fund VI, which was oversubscribed and closed at its hard cap, quickly surpassed its target size of $750 million after recently launching in March. The fund will continue the firm’s strategy of providing growth capital to companies across the healthcare space with enterprise values between $50 million and $500 million. Kirkland and Ellis served as the fund’s legal counsel.

The firm’s predecessor vehicle, Fund V, closed in December 2014 on $615 million.