Credit Suisse related stories
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Credit Suisse’s Asia Pacific financial sponsors head resignsRonan Agnew has left the bank less than a year after he relocated to Hong Kong from London.
- KKR fund to charge 1% management fee, 10% carry
The private equity veteran will not apply the standard ‘2-and-20’ fee structure on its infrastructure fund, which is targeting $4bn.
- Private equity write-downs plague Credit Suisse
The Swiss bank’s CHF 599 million in private equity write downs contributed to an overall yearly loss of CHF 1.1bn in the asset management division. Credit Suisse is overhauling its asset management division to focus more on alternatives.
- Colony’s Raffles deal falls through
The sale of Colony’s iconic Singapore hotel by Raffles to a consortium led by a former Credit Suisse banker has been scrapped.
- One-third of GPs expect LP defaults
A survey conducted at PEI Media’s annual CFO and COO Forum in New York Wednesday also revealed that 9% of firms represented have recently experienced a defaulting limited partner.
- Grant Kelley leaves Colony's Asia arm
The principal and chief executive of the private equity real estate's Asian operations has left the outfit, reportedly to start his own firm.
- PE vs. Tremont
Unlike hedge funds, private equity doesn’t have to deal with the Madoff performance question, writes David Snow.
- Apollo settles Huntsman dispute
Huntsman is due to receive a $1bn break-up fee from various parties involved in the failed deal, which was originally agreed in August 2007 as a $10.6bn add-on acquisition.
- Credit Suisse to cut headcount by 11%
The financial services giant will lay off 5,300 employees across all business units but concentrated in investment banking. Asset management will focus on a ‘smaller number’ of activities.
- Pressdee: infrastructure assets undervalued
Markus Pressdee, global head of infrastructure investment banking at Credit Suisse, also believes that in the near term infrastructure funds will continue to do deals with greater amounts of equity than in the past.