Citi Global Alternatives is the adviser to Citi Wealth’s global alternative investment fund platform. When the transaction is completed, iCapital will manage and operate the fund platform, while Citi will continue to distribute the funds and offer guidance to its clients, according to the release.
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iCapital to acquire Citi Global Alternatives and collaborate with Citi Wealth
Daniel O’Donnell, head of Citi Wealth Alternatives and Investment Manager Solutions, said in the release: “Citi Wealth already has a strong working relationship with iCapital on alternative solutions, and we’re excited to expand our relationship to bring greater integration of iCapital’s market-leading digital capabilities to our advisers, bankers, investment counselors and clients.”
