Citi Surpasses $500 Billion in Alternative Assets under Administration

Before you go, we thought you'd like these...
Before you go close icon

Citi Surpasses $500 Billion in Alternative Assets under Administration

NEW YORK--(BUSINESS WIRE)-- Citi has surpassed $500 billion in alternative assets under administration, affirming its leadership as one of the largest fund administrators in the alternative asset management industry.

The $500 billion figure includes over $300 billion in Hedge Fund assets under administration, and over $200 billion of committed Private Equity capital under administration.

"Our leading solutions across the hedge fund and private equity asset classes have positioned us well to capitalize on the ever increasing trend towards convergence of styles in alternative asset management," said Mike Sleightholme, Global Head of Hedge Fund Services, and Joe Patellaro, Global Head of Private Equity Services, in a joint statement. "As institutional investors continue to demand more operational capabilities from their alternatives managers, Citi is there to provide superior solutions across our global platform. These factors have been a growth engine for our businesses."

This is a significant milestone for Citi and shows that clients are embracing the cutting edge technology and tailored services needed to grow their businesses.

Recent hedge fund mandates awarded to Citi include Mackenzie Investments Pte. Ltd., the Singapore-based subsidiary of a leading Canadian asset manager, while recent private equity mandates include Delta Partners, a leading management advisory and investment firm.

Citi also launched its private equity services in Luxembourg through a dedicated Centre of Excellence for closed-ended funds, allowing the bank to provide end-to-end private equity servicing solutions in the growing Europe, Middle East and Africa (EMEA) market.

About Citi:

Citi, the leading global bank, has approximately 200 million customer accounts and does business in more than 160 countries and jurisdictions. Citi provides consumers, corporations, governments and institutions with a broad range of financial products and services, including consumer banking and credit, corporate and investment banking, securities brokerage, transaction services, and wealth management. Additional information may be found at | Twitter: @Citi | YouTube: | Blog: | Facebook: | LinkedIn:

Citigroup Inc.
New York
Nina Das, +1-212-816-9267

KEYWORDS:   United States  North America  New York


The article Citi Surpasses $500 Billion in Alternative Assets under Administration originally appeared on

Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.

Copyright © 1995 - 2013 The Motley Fool, LLC. All rights reserved. The Motley Fool has a disclosure policy.

Read Full Story

People are Reading