Asian private equity lures Credit Suisse

Bank hires entire team of Ritchie Capital Management in Hong Kong.

Harjit Bhatia, Credit Suisse

“Our game plan is to make this a much bigger play, since the opportunity is very large. We’ll do some third-party fund-raising later. That’s the Credit Suisse model: seed, leverage the network and then raise third-party capital”   Harjit Bhatia, Credit Suisse

The move by many investment banks into private equity investment in Asia, although profitable, has also raised vexing issues about conflicts of interest. Critics have accused banks of competing with their own clients and of using the promise of pre-IPO investment to secure lucrative mandates from clients.

Access this research

Enter your work email address to sign in or check whether your organisation already has access to Euromoney.