Texas-based private equity firm Cotton Creek Capital has promoted Anil Ali to senior associate in the wake of closing its second fund on $160m.
Ali has been with Cotton Creek since 2012 following stints at investment bank Harris Williams & Co, where he worked on mid-market M&A advisory, and Robert W Baird.
AltAssets revealed last week that Cotton Creek has roughly tripled its capital under management by closing its second fund.
Cotton Creek hoped to collect up to $200m for the fund, which it has been raising capital towards for more than two years.
The firm gathered about $80m for its $100m-targeting debut fund in 2008 according to earlier filings with the SEC.
Cotton Creek focuses on businesses in areas such as manufacturing and chemicals, energy and infrastructure, consumer products and health and business services.
CCCP II has made two platform investments to date in power line installation and maintenance business Chain Electric Company and building products company Royal Baths Manufacturing.
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