Citi Launches Funds Offering Access to Private-Market Asset Classes
By Megan Cheah
Citigroup's Hong Kong and Singapore branches and alternative asset partners Blackstone, Blue Owl and KKR are launching evergreen funds for the U.S. bank's high-net-worth clients seeking to diversify their portfolios.
The funds will offer 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 said Thursday.
They will cover private-market asset classes including equity, credit, infrastructure and real estate, which are usually reserved for institutional investors, Citi said.
The funds aim to serve Citi's high-net-worth private banking clients in Asia and the Middle East, the bank added.
These clients are increasingly seeking resilient sources of returns beyond traditional public markets, said Vicky Kong, head of wealth, Asia North and Australia, at Citi. This collaboration with Blackstone, Blue Owl and KKR directly addresses that demand, she added.
Write to Megan Cheah at megan.cheah@wsj.com
(END) Dow Jones Newswires
January 29, 2026 02:44 ET (07:44 GMT)
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