DLJ Investment Partners Spinning Out of Credit Suisse
November 08, 2013
Credit Suisse has announced an agreement to spin out its DLJ Investment Partners business to Portfolio Advisors. DLJ provides private debt and equity capital primarily to middle-market companies in connection with private equity transactions. For Portfolio Advisors, the deal will bring in a new direct lending mezzanine business line for the firm. The spin-off, which is part of Credit Suisse's divestment plans, is expected to close by the end of the year.