CS Strategic Partners, the exclusive dedicated secondary private equity arm of Credit Suisse, has announced the final close of its most recent fund, CS Strategic Partners V, with total capital commitments of over USS2.9 billion. Consistent with regulation, this capital includes over USS87 million committed by Credit Suisse and the Strategic Partner investment team.
SPV LBO Centric, SPV Real Estate and SPV Venture Secondary Funds began investing in the second half of 2011 and have to date already collectively invested or committed to invest approximately USD500 million to over 170 underlying funds in over 30 transactions. Strategic Partner’s pipeline is robust, with significant transaction deal flow being generated by Strategic Partner’s investment team as well as the entire Credit Suisse organisation. The Fund is the fifth in a series of investment partnerships seeking capital appreciation through the purchase of secondary interests in high quality private equity funds from investors seeking liquidity. Strategic Partners has built a market reputation of fair pricing, timely and seamless transaction execution, and confidentiality with sellers.
Stephen Can, Global Head of Strategic Partners since its inception in 2000, says: "We are very pleased with our limited partner commitment to our fifth fund. From the start of its platform, Strategic Partners has raised over USD11 billion of capital commitments, completed over 600 transactions, acquired over 1,400 limited partnership interests, and built a world class team currently consisting of 24 dedicated secondary investment professionals supported by over 50 accounting and product specialists. We look forward to continuing to leverage our expertise in the secondary space and to building on our strong track record as ‘secondary buyer of choice’, by transacting on a fair, timely and confidential basis."
