Credit Suisse hires Parish Capital executive

Tracy Harris, a partner with former fund of funds Parish Capital, has joined the Customized Fund Investment Group to work on the bank’s investment partnership with North Carolina.

Credit Suisse has hired Tracy Harris, former executive with fund of funds Parish Capital, to work on its $230 million investment partnership with the North Carolina Retirement System, a spokesperson confirmed. 

Harris started with Credit Suisse as a vice president in the Customized Fund Investment Group in January. She was a partner at North Carolina-based Parish Capital, where she worked from 2004 to 2012. 

StepStone Group acquired Parish in 2011 to expand its European team, adding Parish managing director David Jeffrey to head its European operations and business strategy.

At Credit Suisse, Harris is involved with the NC Innovation Fund, a $230 million partnership managed by the Customized Fund Investment Group for the $73 billion North Carolina Retirement System. The fund co-invests in portfolio companies and also commits to private equity as well as other types of investment funds with significant operations in the state. 

The fund, created in 2010, is meant to invest the capital over three to five years, according to the fund’s web site.

“As we look globally for opportunities to achieve a high rate of return for our pensioners, we need to be diligent in looking into the possibilities that are in our own backyard,” state Treasurer Janet Cowell said in the statement from 2010.

The fund had committed about $97 million as of November 2011, according to media reports available on the fund’s web site. A spokesperson from the Treasurer’s office did not return a request for comment as of press time.