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Credit Suisse funds under review financed Nissan, Kellogg – and a Mogadishu hotel owner

Swiss bank says it is reviewing funds sponsored by SoftBank-backed Greensill Capital, which helps companies manage short term cash flow

Credit Suisse funds under review financed Nissan, Kellogg – and a Mogadishu hotel owner
Photo: Getty Images

LONDON—Greensill Capital, a SoftBank Group Corp. -backed financing firm, has raised billions of dollars by offering a way for investors to boost yields by helping companies manage cash flow.

Greensill funds long-established companies such as cereal maker Kellogg Co. and Nissan Motor Co., but it also has a roster of lesser-known businesses that inject risk into its portfolio, according to fund documents distributed to investors. These include a private security firm that runs a hotel in Mogadishu, a coal miner that paid Greensill in stock instead of cash and several firms that got more in financing than they generated in revenue.

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