Ropes & Gray Represents Cressey & Co. in Formation of New $615 Million Fund
Ropes & Gray advised Chicago- and Nashville-based Cressey & Company, a leading health care-focused private investment firm, in the formation of Cressey & Company Fund V, LP. Fund V, which closed with a combined $615 million in limited partner and general partner capital commitments, will focus on investing in premier platform businesses and accelerating growth organically and through acquisitions. The fund launched in July 2014; its closing was announced Dec. 8.
The Ropes & Gray team was led by private investment funds partner Peter Laybourn (Boston) and included private investment funds partner John Ayer (Boston) and tax partner Jay Milkes (New York).