Citi Wants $3 Billion for PE and Hedge Fund Units: Report

Reuters – Citigroup Inc is looking to raise more than $3 billion for its private equity and hedge fund units this year, Bloomberg said, citing people with direct knowledge of the plan.

Citi Capital Advisors, a unit of Citigroup, may seek $1.5 billion for private equity and $750 million for hedge funds, the people told the agency.

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