Credit Suisse, Qatar Venture to Start Foreign Operation - Bloomberg:
"Aventicum Capital Management, the joint venture of Credit Suisse Group AG (CSGN) and Qatar Holding LLC, plans to begin international operations by the end of the year after starting its first fund in July, according to a memo.
Aventicum’s Doha office is fully operational after receiving a license from the Qatar Financial Centre Regulatory Authority, according to the memo seen by Bloomberg News. The international business will be based outside the Middle East, according to the memo. Sofia Rehman, a Credit Suisse spokeswoman in London, confirmed the contents of the memo.
Aventicum was started in November as Qatar and Credit Suisse boosted ties after the nation took a 6 percent stake in the bank and bought its London headquarters. The country, which has the world’s third-largest gas reserves, is buying assets across the globe as it seeks to reduce its energy dependency.
The venture’s Middle East and North Africa equity fund, managed by Hashem Montasser, will invest in regions such as the Middle East and Turkey, according to the memo."
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