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Credit Suisse Supply Chain Finance Funds: third payment of liquidation proceeds

July 02, 2021

Further cash distribution

In March and April 2021, USD 4.8 bn was returned to investors in the SCFFs in two installments. The third payment of liquidation proceeds, totaling approximately USD 0.75 bn, is expected for the week of July 5, 2021. 

Fund Amount available for distribution Estimated announcement date
Credit Suisse (Lux) Supply Chain Finance Fund approx. USD 105 mn July 5, 2021
Credit Suisse Nova (Lux) Supply Chain Finance High Income Fund approx. USD 510 mn  July 5, 2021
Credit Suisse Nova (Lux) Supply Chain Finance Investment Grade Fund approx. USD 75 mn
July 5, 2021
Credit Suisse Supply Chain Finance Investment Grade Fund
approx. USD 60 mn
July 5, 2021

This would bring the total amount returned to investors in the SCFFs so far to approximately USD 5.6 bn.

The funds’ total cash position, including the USD 4.8 bn that has already been distributed to investors and current cash and cash equivalents in the funds, thus amounts to approximately USD 6.1 bn, which is 61% of the funds’ AuM at the time of their suspension.

The remaining liquidation proceeds will be paid out to investors as soon as practicable in one or more installments.

Investors will receive notification of such payments.

Further information

Q&A                                      EN

SCFF portfolio details           EN