Citi Hong Kong and Citi Singapore have established strategic partnerships with leading global private equity firms, including Blackstone, Blue Owl and KKR, to assist clients in investing in the private equity market.
According to Citi, the launch of evergreen funds aims to help high-net-worth clients seeking enhanced wealth solutions and improved portfolio diversification.
Citigold Private Clients in Asia and the Middle East will be able to access private markets including equity, credit, infrastructure, and real estate assets, which were previously limited to institutional investors, according to an announcement by Citi on Thursday.
The funds will be structured in an evergreen format, offering simplified access to private markets with more flexible subscription and liquidity terms than traditional closed-ended private markets solutions, subject to a minimum initial holding period.
Citi noted that the launch of the funds has started and the funds will continue to be rolled out over the coming months.
Besides, it pointed out that Citigold Private Clients will be able to diversify their portfolios, capture opportunities for uncorrelated returns and long-term growth, as well as participate directly in the value creation inherent in private markets assets.
"In today's complex and volatile market, our clients are rightly seeking resilient, diversified sources of returns beyond traditional public markets," said Vicky Kong, head of wealth for Asia North & Australia at Citi.
She added that this collaboration with Blackstone, Blue Owl and KKR directly addresses that demand, providing sophisticated access to private markets that were once the exclusive domain of institutional and private bank investors.
