Credit Suisse and Qatar Sovereign Wealth Form Direct Lending Venture

Posted on 09/17/2020

In another tie up, Credit Suisse Group AG and Qatar Investment Authority (QIA) are forming a multi-billion dollar platform to partake in direct lending. The platform will make loans to upper middle-market and large-cap companies in the U.S. and Europe. The financing will mostly consist of first or second ranked loans which are secured against the business. This Qatari-backed platform will be part of Credit Suisse Asset Management’s Credit Investments Group led by John Popp.

QIA remains a shareholder of Credit Suisse.

Earlier, QIA and Credit Suisse created Aventicum Capital Management LLC, a multi-boutique global asset management business. Aladdin Hangari is the acting Group CEO of Aventicum Capital Management and CEO of Credit Suisse (Qatar) LLC. In February 2019, Aventicum Capital Management (Qatar) LLC moved to assume the investment management responsibility of selected funds and mandates of Amwal LLC, a Qatari asset management company.

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