Crestview Raises Second Fund

Crestview Partners of New York has raised $1.7 billion billion for its second fund, which is expected to hold a final close later this year with more than $2 billion, peHUB has learned.

General Partners Thomas Murphy and Barry Volpert will continue to manage Crestview Partners II. Crestview Chief Operating officer Wing Keith will also stay on board as a partner in the new fund, according to the filing.

Fund backers include Richard Rainwater, Princeton University and South Carolina Retirement Systems.

Launched in 2005, Crestview has invested in a broad array of companies in sectors ranging from communications to beverages to health services. Investments include One Link (Adelphia de Puerto) Rico, a cable and Internet provider and Symbion, a provider of physician practice management services.