Credit Suisse announced Thursday that its asset management arm plans to launch an emerging market fund.

The company’s London based asset management arm said that the product, which will have more than $1 billion in committed capital, will be made available to a “small group of Credit Suisse’s key shareholders to opportunistically pursue credit investments in global emerging markets.”

“Our shareholders commitment to the fund is a testament to the strength of Credit Suisse’s Emerging Markets franchise and the value that can be created for investors in these important markets,” Rob Shafir, the chief executive officer for the asset management division, said in a press release.

Neil Harvey, the head of emerging markets and the Asia Pacific region for Credit Suisse Asset Management, said that that new emerging market fund “will enable Credit Suisse to combine its strong product development and risk management expertise with investment leaders in emerging markets, and draw on Credit Suisse’s extensive experience in both emerging markets and in structuring and originating debt transactions.”

The Credit Suisse team will be led by Anton Douglas, who was the global head and portfolio manager for the emerging markets financing group within Credit Suisse’s fixed income business.  He will be joined by a group of current and former senior professionals from the Credit Suisse Emerging Markets business in Asia, the Middle East, Europe and the Americas, including Harvey, who helped found Credit Suisse’s emerging markets fixed income business, and Jonathan McHardy, who previously ran Credit Suisse’s fixed income emerging markets business, and is currently head of its partner asset facility.


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