Ex-Credit Suisse Team Plans $1 Billion Fund for Data Center Risk

A team of former Credit Suisse bankers is preparing to launch a fund they say will offer double-digit returns in exchange for taking on some of the insurance risk tied to data centers.

Euler ILS Partners, an alternative investor formed through a 2024 management buyout of Credit Suisse Insurance Linked Strategies Ltd., is in the process of teaming up with an insurance company to underwrite specialist policies, Chief Investment Officer Niklaus Hilti told Bloomberg. Euler, which has already received initial signs of interest from investors, is targeting about $1 billion in capital for the co-investment, institutional fund, he said.