Deals
Credit Suisse Alumni Start Asia Credit Fund
- Tanarra raises initial A$285 million, targets A$500 million
- Pension fund UniSuper provides cornerstone investment
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A group of former Credit Suisse Group AG staff, led by Australian investment banker John Wylie, has started an Asia-Pacific credit investment fund to take advantage of banks reining in lending.
Tanarra Credit Partners has raised more than A$285 million ($216 million) for its Asia-Pacific Fund I, which will invest in senior and mezzanine debt, and is targeting as much as A$500 million before closing the fund to investors in the first half of 2018, Managing Partner Michael Tierney said.