Indosuez Capital, the merchant banking division of Paris-based Credit Agricole Indosuez, plans to offer in April its fourth collateralized debt obligation, with a target of $1 billion of assets, said executive managing director Les J. Lieberman. It is also gearing up to establish a private equity fund to invest in other partnerships, he said.
Last month Indosuez hired Daniel H. Smith Jr. as a managing director to run a new asset management unit. He will help manage the collateralized debt obligation and equity fund. "Dan has significant experience managing the assets that go into the investments," Mr. Lieberman said of Mr. Smith.
Mr. Smith joined Indosuez from Frye-Louis Capital Management Inc., a Chicago-based investment adviser to wealthy families, where he was vice president and principal. Before that, he was a senior portfolio manager at Van Kampen American, where he was co-head of the firm's high-yield investment group.
Indosuez makes senior secured loans and mezzanine debt investments and is involved in acquisition and growth finance, leveraged buyouts, and recapitalizations. Since 1992 it has committed nearly $6 billion and completed more than 140 transactions.