Grosvenor Adds Credit Suisse's $18B PE Business

Law360, New York (August 2, 2013, 2:13 PM EDT) -- Grosvenor Capital Management LP will acquire Credit Suisse's private equity, infrastructure and real estate fund division, adding more than $18 billion in assets to its portfolio, the Chicago-based private equity firm announced Thursday.

Grosvenor will acquire the bank's Customized Fund Investment Group, a diversified private equity, infrastructure and real estate investment management company. CFIG, which has roughly $18 billion in assets managed out of 11 offices worldwide, will be renamed the GCM Customized Fund Investment Group once the transaction closes.

The deal nearly doubles the assets...
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