Credit Suisse has acquired a majority interest in Asset Management Finance Corporation from National Bank Financial of Canada for $384 million.

The deal, which will be financed through a new issue of equity, will see 80 per cent of AMF transfer to Credit Suisse’s alternative investments business.

AMF provides capital to asset managers in exchange for a passive, non-voting, limited term interest in a manager's future revenues. It was founded in 2003 and headquartered in New York.

Since its formation, AMF has completed 12 transactions with both traditional and alternative managers with aggregate assets under management of approximately $50 billion.

AMF's investments are diversified across a broad range of strategies including emerging markets, large and small cap equities, real estate, currency, timber and wealth management.

The firm's capital has been used by asset managers seeking funding for a broad range of initiatives including owner liquidity, internal equity transfers, management buy-outs and other strategic objectives.

Norton Reamer, AMF's President and chief executive, and the AMF management team will remain in place, retain an equity position and continue to oversee the day-to-day business. National Bank Financial of Canada and Tokio Marine & Nichido Fire of Japan have elected to continue to participate with Credit Suisse in AMF's future growth and be represented on its board.