Australia's Crescent Capital closes Fund V at $565m
Crescent Capital Partners has reached a final close on its fifth Australia and New Zealand-focused fund at the hard cap of A$675 million ($565 million) after only 10 weeks in the market.
The vehicle was launched at Crescent's annual investor conference in September. It represents a step up in size from the private equity firm's previous fund, which closed at A$490 million in 2012. However,...
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