Crestview Partners Nearing Close

Crestview Partners is nearing the close of its sophomore fund, Crestview Partners II. The fund has currently raised $2.4 billion of its $2.5 billion target. The funds limited partners include the Pennsylvania Public School Employees Retirement ($200 million), Teacher Retirement System of Texas ($200 million), and Kentucky Retirement Systems ($75 million). Crestview targets companies facing unusual or challenging situations such as ValueOptions and Symbion.