Credit Suisse Anlagestiftung (CSA), a division of Credit Suisse Asset Management, has closed a first round of fundraising for its CSA Private Equity Fund at E130m. It will hold further closings in April, July and October this year.
CSA plans to invest in more than 50 partnerships worldwide, 40 per cent in new ventures, 50 per cent in buy-outs and 10 per cent in special situations. It is expected that 40 per cent of investments will be made in Europe, 55 per cent in the US and 5 per cent in rest of the world.
CSA has already committed $30m to various funds through its participation in a highly invested US buy-out portfolio.
CSA Private Equity is an open-ended investment product with unlimited term, tailor made for Swiss pension funds. The Swiss Federal Authority for Social Insurance has approved it.
The portfolio is marketed by Credit Suisse Asset Management and managed by Partners Group, Zug, Switzerland.