Credit Suisse’s asset management division has entered into an alliance with Reservoir Capital Group, a privately held investment firm, to seek attractive risk-adjusted returns.
Credit Suisse’s asset management division has entered into an alliance with Reservoir Capital Group, a privately held investment firm, to seek attractive risk-adjusted returns.
This will primarily be done by identifying and capitalizing on opportunities to provide liquidity to hedge funds, hedge fund investors and other sellers, including financial institutions.
The alliance will enable Credit Suisse to offer clients a broader product offering.
Rob Shafir, chief executive officer of the asset management business, says: ‘We are very pleased to be entering into a strategic alliance with Reservoir and its highly experienced investment team, and we believe this alliance will create long-term value for our clients. This venture is consistent with our strategy of allying with leading investment firms that have unique offerings and skill sets to capitalize on attractive opportunities presented in today’s global markets.’
Daniel H. Stern and Craig A. Huff, co-chief executive officers of Reservoir, add: ‘We believe there is a significant opportunity to provide liquidity solutions to hedge funds and certain financial institutions holding non-core, illiquid assets. This strategic alliance will enable us to leverage Credit Suisse’s global platform and its position as a leading investor in hedge funds to provide increased scale, resources, and sourcing capabilities to this effort.’
Reservoir has a hybrid investment approach, investing directly in private transactions and public securities, as well as in partnership with management and investment teams through the creation of platform companies, private investment firms, and hedge funds.
