Advising Citigroup, in respect of Luxembourg law matters, for the sale of Citi Global Alternatives, LLC to iCapital

Elvinger US and Elvinger Hoss Prussen advised Citigroup, a premier global investment bank and financial services company, in respect of Luxembourg law matters, for the sale of Citi Global Alternatives, LLC to iCapital, a global fintech platform. Citi Global Alternatives represents more than 180 alternative funds distributed globally across a diverse range of alternative investment strategies and asset classes, including private equity, growth equity, private credit, infrastructure, venture capital, real estate, and hedge funds.

As part of the transaction, iCapital will manage and operate the platform, while Citi will remain the distributor of such funds. Citi will continue offering guidance to its clients on the role of alternative investments within a diversified investment strategy and will continue to manage the origination and investment diligence for alternative investments once the management and operations of such funds transition to iCapital.

Partner Nicolas Fermaud led the Elvinger US funds team, comprised of Senior Associate Olivier Malherbe, Associates Capucine Freydrich and Maria Torres and Law Clerk Carla Legrosdidier. The Elvinger Hoss Prussen’s funds team was led by Counsel Cheikh Ndiaye assisted by Associate Demian Gonzalez. Elvinger Hoss Prussen’s and Elvinger US financing and transactional teams included Partners Katia Panichi and Henri Wagner, Senior Associates Fiorenza Cingolani and Philippe Chareyre and Associate Katherine Martin.