"Under the terms of the proposed transaction, investment vehicles managed by affiliates of Apollo and PIMCO would acquire the majority of SPG’s assets and other related financing businesses from Credit Suisse, form a new platform to enter into an investment management agreement to manage the residual assets on Credit Suisse’s behalf, hire SPG team members to the new platform and receive certain ongoing services from Credit Suisse in order to maintain a seamless, high-touch experience for clients."
https://www.credit-suisse.com/about-us-news/en/articles/media-releases/cs-enters-framework-agreement-sp-apollo-pimco-202210.html