A former Credit Suisse banker, Kai Ren, is launching a private credit fund targeting Swiss SMEs, responding to the challenges in corporate loan access following the bank's takeover by UBS. The fund, based in Liechtenstein, aims for a gross return of 6-7% per year, with investments ranging from CHF 100,000 to several million, and is managed under a regulated SICAV structure. With increasing demand for SME financing and a lack of alternatives in the low interest rate environment, the fund seeks to bridge the financing gap exacerbated by stricter banking regulations.