Research Triangle Park, N.C. — Credit Suisse will manage the new $230 million North Carolina Innovation Fund, N.C. State Treasurer Janet Cowell announced Monday at an event in Durham.
The funds are to be invested in companies that have primary operations in North Carolina.
The fund had been announced initially at being worth a total of $250 million.
Credit Suisse has a large operation in Research Triangle Park where it is in the process of adding about 300 employees, primarily in information technology, to its work force of about 1,000.
The banking conglomerate is based in Switzerland.
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