The latest news about investment products, new structures and service offerings that might be of interest to the wealth management industry.

Credit Suisse
Credit Suisse Asset Management’s Credit Investments Group yesterday announced the final close of its Private Credit Opportunities Fund, or PCO, the group’s first direct lending-focused fund, with $1.67 billion in capital commitments.

PCO seeks to generate attractive risk-adjusted returns primarily by providing private debt financings across the capital structure.To date, PCO has deployed about half of the Fund which will have more than $3 billion of deployable capital including leverage, Credit Suisse AM said in a statement yesterday.

The firm’s Credit Investment Group oversees about 465 billion in primarily non-investment grade credit assets.