Credit Suisse's Customized Fund Investment Group Hosts Conference on Small &
Emerging Managers in Private Equity, Real Estate and In-State Investments
NEW YORK, Sept. 17, 2013
NEW YORK, Sept. 17, 2013 /PRNewswire/ -- On September 11 – 12, 2013, Credit
Suisse's Customized Fund Investment Group ("CFIG") hosted the seventh annual
"Credit Suisse Conference on Small & Emerging Managers in Private Equity, Real
Estate and In-State Investments," in San Diego, California.
(Logo: http://photos.prnewswire.com/prnh/20091204/CSLOGO )
The Conference, which was open to all private equity professionals, was
attended by approximately 400 representatives of U.S.-based pension plans,
endowments, foundations, private equity managers and other industry
participants. Through open networking sessions and panel discussions led by
market-leading investors and high-quality emerging managers, the Conference
provided a venue for developing strategic initiatives. Given CFIG's growing
activities in both private equity and real estate, the Conference included
separate conference discussions for private equity and real estate attendees.
"As in years past, this conference provided a forum for constructive
discussion among small and emerging private equity managers and key
institutional investors," said Kelly Williams, Head of CFIG. "CFIG remains
committed to helping clients identify ways to gain exposure to the growing
number of small and emerging managers in the private equity, real estate and
in-state investment spaces."
CFIG was pleased to host this year's conference in a state in which it has a
strong presence, with speakers including Liza Crisafi, Chief Investment
Officer of the San Diego City Employees' Retirement System.
Also speaking at the Conference was Christine Gogan, Senior Portfolio Manager
of the California Public Employees' Retirement System ("CalPERS"). Ms. Gogan
said, "We were pleased that CFIG held their annual emerging manager conference
in California. As part of our ongoing partnership with CFIG to identify
talented managers, numerous members of the CalPERS team participated in the
conference. CalPERS is always searching for new and emerging talent, and we
encourage managers to share their opportunities with us." For more information
regarding the submission of investment proposals to CalPERS, please visit:
The private equity keynote address was delivered by renowned entrepreneur and
venture capitalist, Steve Case. Mr. Case is the Co-Founder of America Online,
Chairman and CEO of Revolution and Chairman of The Case Foundation. Revolution
is an investment firm that has backed more than two dozen companies. Mr. Case
was interviewed by Michael Sacks, Chief Executive Officer of Grosvenor Capital
Management, L.P. The real estate keynote address was delivered by Michael
Acton, Managing Director of AEW Research. Mr. Acton has 27 years of experience
as an economic analyst and forecaster. He addressed the outlook for U.S. real
estate as Fed policy points to a rising interest rate environment.
The Conference included the following panel discussions on noteworthy industry
oCFIG's Approach to Evaluating and Investing in Emerging Managers
oOutliers: Limited Partner Perspectives on Bucking the Trends
oThe State of the Real Estate Emerging Manager Market
oThe Challenges and Rewards for a First-Time Fund
Speakers and attendees that participated in the Conference included investment
officers and trustees from Allstate Investments; California Public Employees'
Retirement System; Colorado Public Employees' Retirement Association;
Employees Retirement System of Texas; Houston Municipal Employees Pension
System; San Diego City Employees' Retirement System; Teacher Retirement System
of Texas;U.S. Small Business Administration and Virginia Retirement System.
CFIG, which is based in New York City, currently manages approximately $31
billion in client commitments to private equity fund-of-fund and co-investment
programs, and has programs in multiple states, including California, Texas,
North Carolina, Oregon, New York and Michigan.
Credit Suisse AG
Credit Suisse AG is one of the world's leading financial services providers
and is part of the Credit Suisse group of companies (referred to here as
'Credit Suisse'). As an integrated bank, Credit Suisse is able to offer
clients its expertise in the areas of private banking, investment banking and
asset management from a single source. Credit Suisse provides specialist
advisory services, comprehensive solutions and innovative products to
companies, institutional clients and high net worth private clients worldwide,
and also to retail clients in Switzerland. Credit Suisse is headquartered in
Zurich and operates in over 50 countries worldwide. The group employs
approximately 46,300 people. The registered shares (CSGN) of Credit Suisse's
parent company, Credit Suisse Group AG, are listed in Switzerland and, in the
form of American Depositary Shares (CS), in New York. Further information
about Credit Suisse can be found at www.credit-suisse.com.
Customized Fund Investment Group
The Customized Fund Investment Group (CFIG) at Credit Suisse is one of the
largest and deepest investment teams dedicated to private equity fund
investing. The Group is headed by Kelly Williams, who founded CFIG in 1999
and currently manages approximately $31 billion in client commitments to
private equity funds of funds and co-investment programs, both in the U.S. and
internationally. CFIG is composed of approximately 140 professionals based in
the Group's offices in New York, London, Hong Kong, Austin, Charlotte,
Columbus, Detroit, Los Angeles, Portland and Raleigh.
CFIG specializes in developing customized private equity investment programs
that address the specific needs of investors. CFIG develops fund investment
programs for active institutional investors who have a specific portfolio need
and for emerging institutional investors who have a need for assistance with
asset allocation, portfolio development and administration, due diligence, and
other advisory services, or any combination thereof. Once established, CFIG
takes a service-oriented, long-term partnership approach to its customized
CFIG's clients include sophisticated institutions and high-net worth
investors. Credit Suisse's extensive transaction experience, which includes
coverage of many top-tier private equity sponsor groups, allows CFIG to access
and analyze many leading private equity and venture capital funds. CFIG
currently has approximately $6 billion in commitments to funds sponsored by
small and emerging managers for sophisticated institutional investors. Through
this active investment in small and emerging managers on behalf of client
programs, CFIGhasgrown exceptionally familiar with the small and emerging
market and its impact on the future growth of the economy.
Please note that on August 1, 2013 Credit Suisse announced an agreement to
sell CFIG to Grosvenor Capital Management, subject to customary closing
conditions. During this process CFIG intends to continue to operate in the
same way it always has, providing unique customized solutions and superior
service to its clients.
SOURCE Credit Suisse AG
Contact: Katherine Ewert, Credit Suisse, telephone +1 212-325-7545,
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