Credit Suisse and Ospraie Announce Broad Strategic Alliance; Partnership Will Include a Focus on Private Equity-Type Opportunities in Commodities and Basic Industries.

NEW YORK -- Credit Suisse, one of the world's leading banks, and Ospraie Management, a leading investment management firm focused on basic industries, today announced a broad strategic alliance that will include a focus on private equity-type opportunities in the commodities and basic industries sectors.

Credit Suisse, through its Alternative Investments group in its Asset Management business, will support Ospraie in its pursuit of more concentrated investment opportunities in commodities and basic industries. In addition, Credit Suisse will provide global distribution support, enabling Ospraie to focus its expertise on investing in the basic industries, commodities and related sectors.

As part of the agreement, Credit Suisse will provide at least USD 500 million to Ospraie for investment in private equity-type opportunities in the commodities and basic industries sectors, and will purchase a small, non-controlling interest in Ospraie Management.

Terms were not disclosed.

"Ospraie is arguably the most proven and successful investor in the commodities and basic industries sectors globally," said Brian Finn, head of Credit Suisse's Alternative Investments business. "We are excited to partner with Dwight Anderson, John Duryea and their team to provide our clients with greater access to these high-growth sectors and to the specialized and qualified expertise of Ospraie's management team."

"This relationship will accelerate our expansion in private equity and special situation investments. We are thrilled to receive the capital and distribution support of Credit Suisse, one of the world's leading firms in the private equity space," said Dwight Anderson, founder and CEO of Ospraie Management.

"Credit Suisse's investment and distribution network will enable us to devote our resources to sourcing and managing investments," added John Duryea, portfolio manager with Ospraie focused on private-equity type investments.

About Ospraie Management, LLC:

Ospraie Management, LLC is a New York based investment management firm that currently oversees over USD 4 billion in basic industry and commodity investments. Launched in 2000 by founder Dwight Anderson as part of Tudor Investment Corporation, Ospraie was established as an independent business in 2004.

About Credit Suisse:

As one of the world's leading banks, Credit Suisse provides its clients with investment banking, private banking and asset management services worldwide. Credit Suisse offers advisory services, comprehensive solutions and innovative products to companies, institutional clients and high-net-worth private clients globally, as well as retail clients in Switzerland. Credit Suisse is active in over 50 countries and employs approximately 40,000 people. Credit Suisse's parent company, Credit Suisse Group, is a leading global financial services company headquartered in Zurich. Credit Suisse Group's registered shares (CSGN) are listed in Switzerland and, in the form of American Depositary Shares (CSR), in New York. Further information about Credit Suisse can be found at www.credit-suisse.com

In its Asset Management business, Credit Suisse offers products across the full spectrum of investment classes, ranging from equities, fixed income, and multiple asset-class products to alternative investments such as private equity, real estate, hedge funds, and volatility management. Credit Suisse's Alternative Investments group, part of its Asset Management business, is one of the largest alternative asset managers in the world with more than $125 billion of assets under management. Credit Suisse's Asset Management business manages portfolios, mutual funds, and other investment vehicles for a broad spectrum of clients ranging from governments, institutions, and corporations to private individuals. With offices focused on asset management in 18 countries, Credit Suisse's Asset Management business is operated as a globally integrated network to deliver the Bank's best investment ideas and capabilities to clients around the world.

This press release does not constitute an offer of securities for sale in the United States. Securities may not be sold in the United States absent registration or an exemption from registration. Any public offering of securities in the United States will be made by means of a prospectus provided by the fund that will contain detailed information about the fund and its management, as well as financial statements.

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