Independent investment firm The Rohatyn Group (TRG) completed its acquisition of global private equity investment company Citi Venture Capital International (CVCI). This was according to a press release published by Business Wire.
The addition of CVCI expands TRG's investment capabilities for its emerging markets. The transaction also enhances the company's global reach. The New York-based firm now has 17 offices all over the world, the report stated.
TRG's total assets in management amount to more than USD7 billion. Around USD6 billion of the said assets is in private equity. Approximately USD1.3 billion is in liquid strategies. TRG's funds include infrastructure, private equity, renewable energy, hedge funds, real estate, fixed income, and inflation-linked bonds, the report said.
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."
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