WSJ: Credit Suisse Launches Specialty Finance Company
The Wall Street Journal reported that Credit Suisse Group AG is launching a specialty finance company to invest in the unrated debt of small and midsize U.S. companies.
The Journal said the company, Credit Suisse Park View BDC, will operate as part of the bank’s wholly owned Credit Suisse Asset Management, whose Credit Investment Group already oversees $36 billion in assets.
According to the Journal, Credit Suisse has begun pitching stakes in the firm to potential outside investors. The firm said in a regulatory filing last month it may aim to raise $500 million by selling shares.
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