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First Citizens Institutional Asset Management
FIRST CITIZENS INSTITUTIONAL ASSET MANAGEMENT, LLC is an SEC-registered investment adviser in NEW YORK, NY, registered since 2017. The firm manages...
Overview
FIRST CITIZENS INSTITUTIONAL ASSET MANAGEMENT, LLC is an SEC-registered investment adviser in NEW YORK, NY, registered since 2017. The firm manages approximately $829 million in assets. It has 25 employees and 25 investment advisers.
General information
Firm type
Asset Manager
Location
Region
North America
Country
United States
City
New York
Corporate office
Raleigh, NC, United States
Sector focus
Frequently asked questions
Does First Citizens Institutional Asset Management participate in fund commitments or only direct deals?
The group offers both separately managed accounts (SMAs) and commingled funds. It primarily makes direct investments in private credit, real estate, and infrastructure rather than committing to third-party fund vehicles. Clients can also access the bank's direct lending platforms through SMAs (per the firm's institutional overview, 2023).
What investment stages does First Citizens Institutional Asset Management typically target?
The division focuses on core and core-plus private credit, direct lending to middle-market companies, and real asset strategies including infrastructure and real estate. It does not target venture or early-stage growth equity. The emphasis is on income-generating assets with contractual cash flows.
How is First Citizens Institutional Asset Management related to Silicon Valley Bank's asset management business?
In March 2023, First Citizens Bank acquired Silicon Valley Bridge Bank from the FDIC following SVB's collapse. The acquisition included SVB's asset management and wealth management operations. The combined institutional platform operates under First Citizens Institutional Asset Management, integrating the SVB team and client relationships (per the FDIC, March 2023).
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