Friday, August 04, 2006

Citigroup planning $3.5b fund for buyouts

August 2 - Boston Globe - Citigroup Inc.'s private-equity unit is raising a $3.5 billion fund to help finance acquisitions by leveraged buyout firms, said a person with direct knowledge of the effort.

Citigroup Alternative Investments has gathered about $2 billion from the bank and employees, said the person, who declined to be identified because the fund hasn't been completed. Read More.

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