Credit Suisse arises $420 million for new Mexico fund

Credit Suisse raised $420 million for a new investment fund focused on Mexico, as Switzerland’s second-largest bank taps clients in an economy forecast to grow twice as fast as Brazil’s.

The Credit Suisse Mexico Credit Opportunities Trust raised the money from institutional investors, including some of Mexico’s largest pension funds, Zurich-based Credit Suisse said in a statement.

The fund seeks “to capture opportunities presented by structural inefficiencies in the Mexican credit market through investments in a diversified portfolio of alternative assets with debt-like characteristics,” the bank said.

Source: Bloomberg