Credit Suisse Moves Toward Fund, Winding Down Positions

— Sarika Gangar & Samantha Rowan

Credit Suisse is moving toward the launch of a venture that would invest in commercial real estate debt and is also working to wind down its commercial real estate book. As part of that, the firm cut another 30 positions from the team this week. The moves come in the wake of significant year-end cuts to the bank’s CMBS operation that effectively signaled its exit from the sector.

The debt venture, led by Rob Brennan, global head of commercial real estate, is considering strategies such as launching either a fund or a real estate investment trust.