CREDIT SUISSE GROUP AG 20.10.2020
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The Edition CLO Opportunity Fund is a CLO fund that invests opportunistically in a diversified, actively managed portfolio of equity tranches of CLO transactions, equity in CLO warehouses, as well as CLO mezzanine and senior debt tranches. The Fund invests across primary and secondary markets, and in both the US and Europe.
Credit Suisse Asset Management's CIG is led by Global Head and Chief Investment Officer, John G. Popp. The team has grown to be one of the largest and most experienced managers of leveraged finance debt in the industry, with over USD 60 billion in assets under management1 in non-investment grade credit strategies. CIG is one of the largest managers of CLOs globally with investment teams in New York and London. For more than 20 years, CIG has maintained a disciplined investment approach and demonstrated a strong track record through various market cycles.
Mr. Popp said, 'As a pioneer in CLOs, we are pleased to close our first CLO equity focused fund. The successful fundraising is a testament to CIG's unrivalled expertise and experience in the non-Investment Grade space, and speaks to our team's strength in loans and structured credit, as well as significant, growing investor demand.'
Amir Vardi, Portfolio Manager and Head of Structured Credit in CIG at Credit Suisse Asset Management commented, 'CLO equity is structured to provide stable equity distributions, an opportunity for upside to pre-Covid levels, and floating rate income in a low rate environment. As a dedicated CLO manager, we have the ability to leverage our expansive corporate credit research team and CLO structuring expertise to deploy capital opportunistically for our investors.'
This fundraising supports Credit Suisse Asset Management's objective to provide differentiated investment opportunities to clients as a leading credit and specialized alternatives asset manager.
Credit Suisse AG
Credit Suisse AG is one of the world's leading financial services providers and is part of the Credit Suisse group of companies (referred to here as 'Credit Suisse'). Our strategy builds on Credit Suisse's core strengths: its position as a leading wealth manager, its specialist investment banking capabilities and its strong presence in our home market of Switzerland. We seek to follow a balanced approach to wealth management, aiming to capitalize on both the large pool of wealth within mature markets as well as the significant growth in wealth in Asia Pacific and other emerging markets, while also serving key developed markets with an emphasis on Switzerland. Credit Suisse employs approximately 48,800 people. The registered shares (CSGN) of Credit Suisse AG's parent company, Credit Suisse Group AG, are listed in Switzerland and, in the form of American Depositary Shares (CS), in New York. Further information about Credit Suisse can be found at www.credit-suisse.com.
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Credit Suisse Group AG published this content on 20 October 2020 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 20 October 2020 14:34:05 UTC
