# Citi Private Funds Group

Citi Private Funds Group is a Private Markets Placement Agent based in San Francisco, United States.

## Overview

- **Organization type:** Private Markets Placement Agent
- **Headquarters:** San Francisco, United States
- **Region:** North America
- **Address:** San Francisco, CA, United States
- **Founded:** 1988
- **Assets under management:** Undisclosed
- **Website:** https://privatebank.citibank.com
- **LinkedIn:** https://www.linkedin.com/company/citi-private-funds-group

## Regulatory record

- **Reports private funds:** No

## About

Citi Private Funds Group was established in 1988 as a dedicated unit within Citigroup to advise alternative asset managers on capital raising and strategic transactions. The group leverages Citigroup's global banking network to provide placement agent services, secondary advisory, and GP-led restructuring support to private equity, venture capital, real estate, and infrastructure fund managers. The group's core business is serving as a placement agent for fund managers seeking institutional commitments — a role it has performed for over three decades. Asset classes covered include private equity, venture capital, real estate, infrastructure, private credit, and hedge funds. Deal flow is sourced through Citigroup's corporate and investment banking relationships with institutional investors, including pension funds, endowments, sovereign wealth funds, and family offices. The group has advised on notable secondary transactions, including the $7.2 billion acquisition of a stake in GIC's private equity portfolio in 2023 (per Bloomberg, 2023). Geographic coverage spans North America, Europe, Asia, and the Middle East. Citi Private Funds Group has advised on over $300 billion in aggregate capital commitments since inception, making it one of the largest dedicated placement and advisory teams globally. The team includes professionals based across offices in New York, San Francisco, Menlo Park, and Atlanta. In May 2024, the group was involved in advising on a multi-billion-dollar GP-led secondary process for a large buyout fund (per Bloomberg, May 2024). The unit operates alongside Citigroup's broader investment banking division, which provides a distribution channel to institutional investors. The group's structural differentiator is its position within Citigroup — a global systemically important bank — which provides the group with unmatched access to institutional capital and deal origination. Unlike independent placement agents, Citi Private Funds Group can tap into Citigroup's banking, underwriting, and research platforms to support fund managers with both capital raising and strategic advice on portfolio construction.

## Sectors

- Private Equity
- Venture Capital
- Secondaries & Special Situations
- Infrastructure
- Private Credit

## Offices

- Menlo Park, CA, United States
- Atlanta, GA, United States
- New York, NY, United States

## Questions

### How does Citi Private Funds Group generate proprietary deal flow?

The group leverages Citigroup's global corporate and investment banking relationships to access institutional investors and alternative asset managers. Its deal flow includes primary fund raising mandates, secondary market opportunities, and advisory assignments sourced through Citigroup's network of pension funds, endowments, sovereign wealth funds, and family office clients.

### Is Citi Private Funds Group a fund manager or a placement agent?

Citi Private Funds Group is an advisory and placement agent, not a fund manager. It does not invest capital directly into funds but instead advises external fund managers on structuring and raising capital from institutional limited partners. The group earns fee income for its advisory services, separate from Citigroup's own asset management activities.

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Last updated: 2026-06-03T20:00:00.000Z

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