Citi Restarts Business of Lending to Buyout Funds After Pullback

Citigroup Inc. signage on the floor at the New York Stock Exchange (NYSE) in New York, US, on Friday, April 11, 2025. US assets slumped across the board as the intensifying US-China trade spat threatens turmoil in the economy and the financial system.Photographer: Michael Nagle/Bloomberg

Provide news feedback or report an error

Confidential tip?

Send a tip to our reporters

Site feedback:

Take our Survey

By Scott Carpenter, Dawn Lim, and Todd Gillespie

May 5, 2025 at 1:32 PM UTC

Updated on

May 5, 2025 at 3:15 PM UTC

This article is for subscribers only.

Citigroup Inc. is ramping up lending to private equity and private credit groups, working to catch up with peers like JPMorgan Chase & Co. and Goldman Sachs Group Inc. after the bank spent years on the sidelines.

The bank told clients that it wants to get back into a lending business it retreated from several years ago. Citigroup in the past year returned to offering loans backed by the cash that investors pledge to funds, according to people familiar with the situation, granted anonymity to discuss private matters. Citigroup declined to comment.