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Cresco closes oversubscribed fund at $60M for legal cannabis investments
Cresco Capital Partners, a Dallas-based private equity investment firm that focuses entirely on strategic investments in the legal cannabis market, has closed an oversubscribed $60 million fund—CCP Fund II.
Founded in 2014, Cresco has raised more than $85 million in two funding rounds along with a series of co-investments, the firm said in a release.
“Surpassing our original goal of raising $50 million for CCP Fund II by almost 20 percent not only represents a significant milestone for Cresco Capital Partners, it serves to validate the leadership role we play in providing growth capital and advisory services