(Press Release) The Rohatyn Group (“TRG”), an independent investment firm focused on emerging markets, today announced that it has completed its previously announced acquisition of Citi Venture Capital International (“CVCI”), an emerging market global private equity investment firm.
The addition of CVCI, previously part of Citi’s alternative asset management platform, Citi Capital Advisors, expands and enhances TRG’s emerging markets investment capabilities and global reach. TRG now has 17 offices worldwide with more than $7 billion in total assets under management, approximately $6 billion of which is in private equity and approximately $1.3 billion of which is in liquid market strategies. TRG’s funds include private equity, real estate, infrastructure, renewable energy, hedge funds, fixed income, and inflation-linked bonds.
Nicolas Rohatyn, Chief Executive Officer and Chief Investment Officer of TRG, said, “We are pleased to complete this transformative transaction, which represents an important step in TRG’s growth and creates a premier emerging markets asset management firm. We’re excited to move forward with an expanded and highly-talented team and a diverse platform of offerings and capabilities worldwide.”
The acquisition of CVCI continues TRG’s strategic growth strategy in critical emerging markets, notably Asia and Latin America. In 2012, TRG acquired a 60 percent stake in CapAsia, a Singapore-based mid-market infrastructure private equity firm focused exclusively on non-BRIC Emerging Asia. In 2011, TRG acquired 50 percent of ARCH Capital, a Hong Kong-headquartered Asian focused private equity real estate firm. In 2013, TRG partnered with BK Renewables Ltd. to jointly manage private equity investments in Mexico in the renewable power generation and energy efficiency industries.