Tuesday, 30 September 2014
Last updated 1 hour ago
Feb 17 2012 | 12:50pm ET
Credit Suisse Group has raised nearly $3 billion for its fifth secondary private equity fund.
CS Strategic Partners V will buy stakes in private equity funds on the secondary market. The Swiss bank is one of a number of secondary players seeking to ramp up activity in the space as p.e. investors seek to offload a record number of fund stakes.
Credit Suisse began marketing the fund towards the end of 2010, held its first close one year ago and began investing in July. It raised a total of $2.9 billion, only $87 million of it the bank's own capital, keeping the fund in compliance with the upcoming Volcker rule.
Credit Suisse's fourth secondary fund raised $2.6 billion at its final close four years ago.
CS Strategic V has already invested $750 million and expects to invest a further $1 billion in 2012. In addition to buying private equity stakes, the fund features a venture capital and real-estate portfolio.
Sep 22 2014 | 4:15pm ET
"I tell people that everybody likes good news and so if you have good performance that’s wonderful,” explains Mike McKitish of Peddie School's endowment, “but it’s the people that want to talk about the bad news or where they drifted and how they came back and how they stayed to their discipline…” that he wants to hear from. Read more…
Sep 30 2014 | 9:29am ET
The crisp Autumnal days of October are upon us, and so are a few of the hedge fund industry’s favorite charitable events. If you have never been to Rocktoberfest, well, you are missing out. And for a quieter evening of sipping and socializing, stop by HFC’s Wine Soiree. Read more…
High frequency trading is not evil, it is not a conspiracy and it really is not new; it is the natural evolution of the professional trading community making markets, providing liquidity and hopefully...