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Credit Suisse Said Raising $2 Billion for Hedge Fund Stakes

  • Anteil Capital unit targeting minority stakes in 10-12 firms
  • Barclays’s Bhardwaj joins ex-Stanford manager Powers at Anteil
The Swiss national flag is seen reflected in the window of a Credit Suisse Group AG bank branch in the Swiss capital of Bern, in Switzerland, on Tuesday, June 30, 2015. Greek Prime Minister Alexis Tsipras's decision to call what is effectively a public vote on Greece's euro-area membership is also a blow for Switzerland, where the currency's appreciation is pushing the economy toward a recession.
Photographer: Matthew Lloyd/Bloomberg
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Credit Suisse Group AG is courting investors to raise as much as $2 billion for a fund that will buy stakes in hedge-fund firms, according to two people with knowledge of the matter.

The Zurich-based bank’s Anteil Capital Partners unit will aim to buy minority stakes in 10 to 12 money managers, the people said, asking not to be identified because the information is private. The Swiss bank joins the likes of Goldman Sachs Group Inc. and Blackstone Group LP in raising funds to buy into hedge-fund firms.