Citigroup Inc.’s attempt to connect wealthy clients with emerging private equity firms has ended in disappointment. Launched over a decade ago, the initiative was meant to capitalize on the money flowing from high-net-worth individuals to private equity companies. However, the experiment failed to deliver results, leaving billionaires feeling let down. The venture is now mired in a bitter legal battle, highlighting the challenges of marketing and managing private assets.
Source: https://www.bloomberg.com/news/articles/2025-03-20/citi-s-private-equity-club-underwhelmed-billionaire-members