<!-- Swiftype Variables -->

Private Equity

Cressey & Co. raises $1.1 billion for latest fund, co-investment vehicle

Cressey & Co. closed its $995 million Cressey & Co. Fund VI, a spokesman said.

The buyout fund, which exceeded its $750 million target, focuses on North American health-care and information technology businesses. Cressey & Co. also closed the fund's co-investment vehicle with an additional $105 million in capital commitments.

The previous fund, Cressey & Co. Fund V, closed in December 2014 with $615 million in capital commitments.

Investors in the latest fund include the $808 million Merced County (Calif.) Employees' Retirement Association.