Monday, 2 March 2015
Last updated 49 min ago
Mar 12 2012 | 2:47pm ET
Credit Value Partners, a new hedge fund helmed by four former Credit Suisse employees, is open for new business.
The New York-based firm spun-off from Credit Suisse's hedge fund business in 2010. The distressed debt shop hopes to raise $400 million on top of the $500 million it already manages, it said in a Securities and Exchange Commission filing.
CVP has yet to register a sale, it said. It has a $5 million minimum investment requirement and will remain open to investors for more than a year.
The firm is headed by Donald Pollard, a former managing director at Credit Suisse. Pollard's three partners are also Credit Suisse alumni, Michael Geroux, Grant Pothast and Howard Sullivan.
Jan 23 2015 | 1:00pm ET
In our new section, FINtech Focus, we will profile one of these firms each week. While fintech is a broad category, we will be focusing on firms that specifically cater to the alternative investment industry. Read more…