Credit Suisse Inks Sale of CFIG to Grosvenor Capital
Grosvenor Capital Management has agreed to buy Credit Suisse Group's customized fund investment group. Financial terms were not announced. CFIG provides customized private equity solutions globally with approximately $18 billion of assets under management and 11 offices around the world. Goldman Sachs advised Grosvenor, while Credit Suisse's Investment Bank was the financial advisor to Credit Suisse's Private Banking & Wealth Management division. Evercore served as exclusive financial advisor to the CFIG management team.
2 August 2013•4 mins read
