Credit Suisse Asset Management’s Credit Investments Group closes its Private Credit Opportunities fund at $1.67 billion

0

NEW YORK , July 13, 2022 /PRNewswire/ — Credit Suisse Asset Management’s Credit Investments Group (“CIG”) today announced the final closing of its Private Credit Opportunities Fund (PCO), CIG’s first fund focused on direct lending, with $1.67 billion in capital commitments.

PCO seeks to generate attractive risk-adjusted returns primarily by providing private debt financing across the capital structure, including senior and junior secured loans, unitranche financing and preferred equity granted directly to market companies. upper intermediate in North America and Europe. To date, PCO has deployed approximately half of the Fund which will have over $3 billion of deployable capital, including leverage.

John G. PoppGlobal Head and Chief Investment Officer of Credit Suisse Asset Management’s Credit Investments Group, said: “We are delighted to close our first direct lending fund launched to take advantage of the convergence between the syndicated and private lending markets. The investor demand we’ve seen validates CIG’s position as the experienced investor of choice in lower-grade credit markets, while our ability to deploy significant capital speaks to the breadth and depth of franchises. unparalleled leveraged finance and financial sponsors from Credit Suisse. »

PCO is managed by a dedicated private credit team within the Credit Investment Group of Credit Suisse Asset Management. CIG is one of the largest and most experienced leveraged finance solutions providers in the industry, managing approximately $65 billion mainly in lower quality credit assets. For over 20 years through various market cycles, CIG has maintained a disciplined approach and demonstrated industry-leading experience in credit relationship research and servicing. Private Credit is a natural extension of CIG’s business as a leading provider of capital solutions for lower quality businesses in North America and Europe issuing in the largely syndicated market.

Press contacts:
Candice SunCredit Suisse, +1 (212) 325-8226, [email protected]

Swiss credit
Credit Suisse is one of the world’s leading financial services providers. Our strategy builds on Credit Suisse’s core strengths: its position as a leading wealth manager, its specialized investment banking capabilities and its strong presence in our home market of Swiss. We seek to follow a balanced approach to wealth management, aiming to capitalize on both the significant pool of wealth within mature markets as well as the significant wealth growth in Asia Pacific and other emerging markets, while also serving major developed markets with a focus on Swiss. Credit Suisse employs approximately 51,030 people. The registered shares (CSGN) of Credit Suisse Group AG are listed in Swiss and, in the form of American Depositary Shares (CS), in New York. Further information about Credit Suisse can be found at www.credit-suisse.com.

Credit Suisse Asset Management
Credit Suisse’s Asset Management division provides investment solutions and services worldwide to a wide range of clients, including pension funds, governments, foundations and foundations, corporations and individuals. Strengthened by the Group’s global presence, Asset Management offers active and passive solutions in traditional investments as well as in alternative investments. From March 31, 2022the division managed assets of more than CHF 462 billion worldwide.

Disclaimer
This material was produced by and views expressed are those of Credit Suisse at the time of writing and are subject to change. It has been prepared solely for information purposes and for the use of the recipient. It does not constitute an offer or invitation by or on behalf of Credit Suisse to anyone to buy or sell securities. Any reference to past performance is not necessarily a guide to the future. The information and analysis contained in this publication has been compiled or obtained from sources believed to be reliable, but Credit Suisse makes no representation as to its accuracy or completeness and accepts no responsibility for any loss arising from use of it.

Copyright © 2022 Credit Suisse Group AG and/or its affiliates. All rights reserved.

SOURCECredit Suisse

Share.

Comments are closed.