Citi and BlackRock’s HPS team up on private capital programme

Citigroup and HPS Investment Partners, portion of BlackRock, person formed a €15bn ($17.4bn) backstage superior programme focused connected widening financing options for firm and sponsor-backed borrowers crossed the region.

The programme is expected to backmost €15bn of indebtedness deals successful EMEA during an archetypal five-year period.

HPS spouse and Europe caput Matthieu Boulanger commented: "We are pleased to collaborate with Citi to bring expanded nonstop lending solutions to the EMEA market. This collaboration volition alteration america to leverage Citi’s extended web and origination pipeline successful EMEA, further strengthening our quality to present tailored financing options to a wide scope of borrowers.”

As portion of the arrangement, Citi volition usage its origination web crossed its investment, firm and commercialized banking businesses to place opportunities for the programme.

It is intended for borrowers whose main operations are successful Continental Europe, the UK and, astatine a aboriginal stage, the Middle East.

Qualifying transactions volition screen a wide scope of sub-investment people debt.

Citi indebtedness superior markets co-head John McAuley said: "To conscionable the expanding request from our firm and sponsor clients for tailored backstage recognition solutions, we are excited to denote this collaboration with HPS, a portion of BlackRock.

“This programme is designed to straight enactment our clients’ strategical objectives crossed the EMEA portion by combining Citi’s heavy lawsuit relationships and origination spot with their important superior and structuring expertise. Together, we are creating a best-in-class offering to assistance our clients execute their goals."

In September past year, Citi Wealth agreed with BlackRock connected the absorption of astir $80bn successful assets for its wealthiness clients.

Citi and BlackRock besides antecedently launched ‘Citi Portfolio Solutions powered by BlackRock’.

That offering brings unneurotic Citi Wealth’s advisory cognition with BlackRock’s concern and exertion capabilities.

"Citi and BlackRock’s HPS squad up connected backstage superior programme " was primitively created and published by Private Banker International, a GlobalData owned brand.

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