Credit Suisse subsidiary buys stake in Reservoir Capital
By Anastasia Donde
Thu Oct 21, 2010
Credit Suisse’s Asset Management Finance subsidiary has purchased an interest in Daniel Stern’s Reservoir Capital.
Asset Management Finance, a subsidiary of Credit Suisse, is taking a 25% stake in Daniel Stern’s Reservoir Capital. Reservoir will get access to Credit Suisse Asset Management’s distribution capabilities and the two firms will form a joint venture to launch a new seeding fund, according to people familiar with the deal. Credit Suisse declined to comment. Stern, founder and co-chief executive of Reservoir, did not return...
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