Credit Suisse announced today that through its Asset Management business, it plans to launch a fund, which will have in excess of USD 1 billion in committed capital, with a small group of Credit Suisse’s key shareholders to opportunistically pursue credit investments in global emerging markets.
Rob Shafir, Chief Executive Officer for the Asset Management division said, “We are very pleased to launch this product, which further builds on Credit Suisse’s client-focused, capital-efficient strategy. Our shareholders commitment to the fund is a testament to the strength of Credit Suisse’s Emerging Markets franchise and the value that can be created for investors in these important markets.”
Neil Harvey, Head of Emerging Markets and the Asia Pacific region for Asset Management, commented, “This fund will enable Credit Suisse to combine its strong product development and risk management expertise with investment leaders in emerging markets, and draw on Credit Suisse’s extensive experience in both emerging markets and in structuring and originating debt transactions.”
The Credit Suisse team will be led by Anton Douglas, who was previously the Global Head and Portfolio Manager for the Emerging Markets Financing Group within Credit Suisse’s Fixed Income business. He will be joined by a group of current and former senior professionals from the Credit Suisse Emerging Markets business in Asia, the Middle East, Europe and the Americas, including Neil Harvey who helped found Credit Suisse’s Emerging Markets Fixed Income business, and Jonathan McHardy, who previously ran Credit Suisse’s Fixed Income Emerging Markets business, and is currently head of the Bank’s Partner Asset Facility.
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