Credit Suisse PE Unit Closes $2.9B Secondary Fund

Law360, New York (February 15, 2012, 7:59 PM EST) -- Credit Suisse Group AG said Wednesday that CS Strategic Partners, the bank's secondary private equity arm and one of the leading secondary buyers of private equity limited partnership interests, has closed its most recent fund after raising more than $2.9 billion.

The fund is CS Strategic Partners' fifth, and includes more than $87 million in commitments from Credit Suisse and the Strategic Partner investment team, in accordance with regulations.

“We are very pleased with our limited partner commitment to our fifth fund,” Strategic Partners global head...
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