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Citigroup To Sell $1B PE Assets
Citigroup is seeking to sell around $1 billion of its private-equity portfolio.
Citigroupis seeking to sell around $1 billion of its private-equity portfolio,The Wall Street Journalreports. The U.S. lender is looking to sell both a fund interest in theKKR 2006 Fundas well as co-investment positions alongside the fund.
Pantheon,Coller Capital,Lexington Partners,Partners GroupandHarbourVestPartnershave been invited to bid for the assets. New York-based Citigroup was in talks to sell stakes of around $500 million in buyout funds managed byCVC Capital Partners.
Click here for the story fromThe Wall Street Journal.