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Cresco Capital Partners targets $150M for 3rd fund

Cresco Capital Partners LLC is aiming to raise $150 million for its third investment vehicle.

The private equity firm also rebranded as Entourage Effect Capital to reflect the evolution of the cannabis sector and its investment strategy.

Cresco said Fund III will invest in about 10 to 20 growth-stage companies within its target markets over an investment period of five years and a fund term of seven years.