By Business Wire, February 28, 2013, 09:00:00 AM EDT
NEW YORK--(BUSINESS WIRE)--
Citi has been awarded a mandate from glendonTodd Capital LLC
(glendonTodd) to provide private equity fund services. Based in Dallas,
Texas, glendonTodd is a private equity firm that focuses on investments
in healthcare real estate, data centers and related infrastructure,
technology-enabled business services companies, and financial services
companies.
Mary Hatcher, Chief Financial Officer and Chief Compliance Officer at
glendonTodd stated, "We think Citi's proven expertise and extensive
experience in meeting the specialized needs of private equity sponsors
fits well with our investment philosophy. The knowledge of their staff
and the depth of their capabilities were key factors in our decision
when finding a service provider for our private equity funds."
As an experienced full-service outsourced provider to the private equity
industry, Citi provides full turnkey capabilities for accounting,
administrative and reporting functions. Citi coordinates across the
general partner and other third-party relationships to act as a
centralized point of information and investor/shareholder reporting.
"Citi has a long history of providing services to mid-market private
equity fund groups," said Joe Patellaro, Global Head of Citi's Private
Equity Services. "We offer a flexible, end-to-end client service model
and platform that can be easily tailored to our clients' requirements
and objectives, backed by a dedicated team of specialists and the
extensive investment services resources and infrastructure of Citi. We
look forward to supporting glendonTodd's continued growth in the private
equity space."
Citi OpenInvestor's Private Equity solution delivers a full range of
administration services to private equity sponsors and investors
worldwide. Citi has been administering private equity funds and investor
portfolios for more than nineteen years and its clients consist of many
of the leading sponsors and investors in private equity. Citi provides
services for assets in excess of $193 billion of committed capital,
representing approximately 120 clients and more than 840 fund entities.
Citi OpenInvestorSM is the investment services
solution for today's diversified investor that combines specialized
expertise, comprehensive capabilities and the power of Citi's global
network to help clients meet performance objectives across asset
classes, strategies and geographies. Citi OpenInvestor provides
institutional, alternative and wealth managers with middle office, fund
services, custody, and investing and financing solutions that are
focused on their specific challenges and customized to their individual
needs. For more information, visit
openinvestor.transactionservices.citi.com.
Citi Transaction Services, a division of Citi's Institutional Clients
Group, offers integrated cash management, trade, and securities and fund
services to multinational corporations, financial institutions and
public sector organizations around the world. With a network that spans
more than 95 countries, Citi's Transaction Services supports over 65,000
clients. As of the fourth quarter of 2012, it held on average $428
billion in liability balances and over $13.2 trillion in assets under
custody.
About glendonTodd Capital LLC:
Based in Dallas, Texas, glendonTodd Capital LLC is a private equity firm
that focuses on investments in healthcare real estate, data centers and
related infrastructure, technology-enabled business services companies,
and financial services companies. The firm makes investments in
industries and geographies where their principals have significant
operating experience, including direct P&L responsibility, strategic
decision making, deployment of expansion dollars, and resolution of
operating issues. With a global orientation and strong operational
background, the firm holds true the belief that investments led by
people who have experience in the industries in which they are investing
makes a material difference in the quality of the investment outcome.
For more information please visit www.glendontodd.com.
About Citi:
Citi, the leading global bank, has approximately 200 million customer
accounts and does business in more than 160 countries and jurisdictions.
Citi provides consumers, corporations, governments and institutions with
a broad range of financial products and services, including consumer
banking and credit, corporate and investment banking, securities
brokerage, transaction services, and wealth management. Additional
information may be found at www.citigroup.com
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Source: Citi