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Credit Suisse's asset management arm raises US$261M for 2nd fintech fund

Credit Suisse AG said July 24 that its asset management arm held a final close for its second NEXT Investors fund, receiving roughly US$261 million in capital commitments.

Credit Suisse Asset Management said the NEXT Investors II LP fund will back businesses focused on growth-oriented technology and financial services. The investor base includes financial institutions, ultrahigh-net-worth individuals, fund of funds and family offices across the Americas, Europe and Asia-Pacific.

NEXT Investors, which backs fintech companies, has made 71 investments totaling US$498 million.