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Provider: S&P Capital IQ – STARS Reports
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Provider: Reuters Investment Profile
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Credit Suisse Group AG In Talks To Sell Private Equity Unit-Reuters


Wednesday, 31 Jul 2013 01:02pm EDT 

Reuters reported that Credit Suisse Group AG is in advanced talks to sell its private equity business to Grosvenor Capital Management LP as the bank adapts to stricter rules for managing capital and risk. The business, called Customized Fund Investment Group, oversees about $20 billion in client assets invested in third-party private equity funds, the financial daily said. The deal, to be valued at more than $200 million in cash and other considerations, could be announced as early as this week.