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Alternative investments

Citi Investment Management Alternatives combines global expertise and local insight to deliver compelling opportunities in private equity, real estate and hedge funds.

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For qualified investors, alternative investments can make a valuable contribution to growing wealth and managing risk over time.

Thoughtful allocations in your core or opportunistic portfolio to private equity, real estate and hedge funds can provide additional diversification and sources of return uncorrelated to the public markets.

Citi Investment Management Alternatives use our breadth of research and due diligence resources to offer a comprehensive range of strategies for clients of varying sizes, levels of sophistication and risk tolerance.

Our manager research team undertakes rigorous analysis to screen and select from the world’s leading investment managers.

 

 

Not only do we enable you to exploit opportunities that are unavailable in the public markets, we also enable you to access them through a variety of structures.

Our extensive offering and thematically relevant approach to providing alternative investment strategies truly differentiates us.

Daniel G. O’Donnell
Global Head of Citi Investment Management Alternatives
How we serve you
Objectivity
We select private equity, real estate and hedge fund managers from across the marketplace based on their merits and our due diligence.

We start with a top-down approach, pursuing themes that we believe have multi-year investment potential and managers whose strategies offer suitable thematic exposure.

To do this, our research analysts cover thousands of managers and conduct rigorous investment and due diligence reviews on potential candidates.

We then work with you to select the opportunities appropriate for your risk, return and liquidity goals.

Customization
We believe you should have many different ways to access alternative investments.

We offer single-manager funds if you seek to express a particular view or pursue a particular strategy.

We also offer fund-of-funds for broad-based exposure as well as custom portfolios for tailored access. 

In private equity and real estate, in addition to standard funds, we offer investment clubs, co-investment deals and separately managed accounts.

Exclusivity
We seek to provide differentiated opportunities across the alternative investment spectrum.

Since 2010, over 75% of opportunities offered in the private equity and real estate space were exclusive to – or bespoke for – our clients.

Your questions

Our proprietary methodology estimates returns for private equity, real estate and hedge funds over a ten-year horizon.

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Our dedicated Operational Due Diligence team seeks to identify and mitigate such risks prior to investing in hedge funds, private equity and real estate.

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Among our multi-year investment themes are Exploiting mean reversion, Overcoming financial repression, and Unstoppable trends.

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Meet our people

Daniel G O'Donnell caricature
Global Head
Daniel G. O’Donnell
Global Head of Citi Investment Management Alternatives

Dan leads a team of professionals in Boston, New York, London and Hong Kong dedicated to identifying key themes across alternative asset classes, and originating opportunities for clients.

Prior to joining Citi, Dan worked for Bank of America’s alternative investment group, focusing on private equity and real estate origination and investment management. Dan also has experience working on all aspects of the underwriting and monitoring process for a wide range of buyout, venture capital, and real estate investments during his career in Bank of America’s principal investing division

Dan holds a bachelor’s degree from Pennsylvania State University and an MBA from the University of Chicago.

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Daniel G O'Donnell caricature
Global Head
Daniel G. O’Donnell
Global Head of Citi Investment Management Alternatives

Dan leads a team of professionals in Boston, New York, London and Hong Kong dedicated to identifying key themes across alternative asset classes, and originating opportunities for clients.

Prior to joining Citi, Dan worked for Bank of America’s alternative investment group, focusing on private equity and real estate origination and investment management. Dan also has experience working on all aspects of the underwriting and monitoring process for a wide range of buyout, venture capital, and real estate investments during his career in Bank of America’s principal investing division

Dan holds a bachelor’s degree from Pennsylvania State University and an MBA from the University of Chicago.

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Jeffrey Locke
Head of Private Equity and Real Estate Research and Management
Americas

Head of Private Equity and Real Estate Research and Management – Americas Jeffrey leads our team that sources, diligences, structures and distributes private equity and real estate investments to clients globally.

Prior to joining Citi, he was an associate at PRP Real Estate Investment Management, where he was responsible for the financial and investment analysis of real estate principal investments for two middle-market opportunistic real estate funds. He supported senior portfolio managers in the complete acquisition process including originating, underwriting, diligencing and structuring investments. He has experience across several property types including office, multi-family, industrial and retail sectors.

Previously, Jeffrey was a senior analyst with Jones Lang LaSalle, within its Public Institutions Group, focusing on US military housing-privatization and real property. Jeffrey holds a bachelor’s degree from Dartmouth College.

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David Schnur
Global Head of Hedge Funds

David is responsible for sourcing, diligencing, and distributing hedge fund investments to clients globally.

Prior to joining the Private Bank in 2010, David served as senior business development professional for Q Investments, a $3 billion credit/private equity firm. He was previously the senior credit hedge fund analyst in the US for Financial Risk Management (FRM) Americas, and a founder of 3 Squared Capital Partners, a technology, media and telecom focused event-driven hedge fund. He began his career at Deutsche Bank as a research analyst covering the telecom and network builder industries.

David holds a bachelor’s in business administration with a concentration in finance from the University of New Hampshire. He has completed a certificate program in capital markets from New York University.

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Tim Bowring
Head of Real Estate and Private Equity
Europe, Middle East and Africa

With more than 25 years of experience, Tim leads our team of real estate and private equity experts in Europe, the Middle East and Africa.

Previously, Tim was a partner at a major European property consultancy, where he advised mainly private investors on the acquisition, sale and suitability of commercial real estate assets throughout the UK and across all sectors. He also advised several clients on the construction of major property portfolios.

Tim has a bachelor’s degree in estate management from the University of Westminster, is a member of the Royal Institution of Chartered Surveyors, and a member of the Investment Property Forum.

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Marc Rucinski
Head of Private Equity and Real Estate
Asia Pacific

Marc is responsible for sourcing, diligencing, structuring and distributing Asia Pacific private equity and real estate investments to clients globally.

Before joining the Private Bank in 2012, Marc was in the Real Estate Investment Banking Group at Credit Suisse. He advised public and private real estate executive management teams and company boards on sell and buy side mergers and acquisitions, capital raising and financial strategy.

Previously, Marc worked at Merrill Lynch’s Global Structured Finance & Investments division, Credit Suisse’s Real Estate Finance & Securitization group, and Global Business Strategy & Business Solutions at Accenture.

He earned a bachelor’s from Vanderbilt University and an MBA from the Johnson School at Cornell University.

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OUTLOOK

Outlook 2021

In Outlook 2021, we put forward positive actions for your portfolio in this new economic cycle. We urge you to determine the amount of cash you really need to hold over the coming years and to put the rest to work.

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Global citizens

The Private Bank exists to serve a very special community. Hear the stories of global citizens in their own words.

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Global Citizens
Experience creator
ALAN FAENA

“Giving new life to a city is one of the most beautiful things that anyone can do,” says Alan Faena, as he looks out on the Miami neighbourhood that now bears his name. “It’s one of the things I’m most proud of, both here and back home in Buenos Aires. These are my gifts to the people, not only for today’s generation but also for future generations.” And what a gift the Faena District is indeed.

Spanning five blocks adjacent to the white sands of Miami Beach, the neighborhood is nothing less than an urban oasis of sensory delights. Its buildings – old and new – somehow fuse perfectly with their natural surroundings. Absolutely nothing is mundane here, not even the multistory parking garage, whose exterior could easily pass for that of an ultra-modern cultural center or designer shopping mall. Incidentally, the Faena District also possesses both of those things.

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Global Citizens
Adriana Cisneros
ADRIANA CISNEROS

“I think it’s something like less than one third of family businesses that make it from the first to the second generation and half of those don’t make it to the third generation,” says Adriana Cisneros. “I’m the third generation in our business, so I really hope I’m going to be one of those that survives. Who knows, I might completely mess up, but hopefully not.” Messing up seems a rather unlikely prospect going by Adriana’s record to date. The company is in robust health under her leadership. She has recently returned from a whistle-stop tour of Central and South America, where Cisneros Interactive has become the sole reseller of Facebook in nine countries, the only nations on earth where the social media giant will not manage its own sales.

Facebook chose to work through Cisneros Interactive because it already has the region’s most advanced advertising network. “I started Cisneros Interactive, our digital division four years ago,” says Adriana. “Our aim from the outset has been to create the largest advertising network in Latin America and also the smartest. When we began, others were trying to do similar things, but in a very country-specific way. No one really dared to do it pan-regionally. I used the same architecture to build the business that my father did when he brought satellite television to Latin America three decades ago.”

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Global Citizens
The Brown family & NFI: Keeping North America running
SID BROWN

I went to Georgetown University, where I majored in finance. After graduation, I went to New York, where I worked for two years in investment banking at Morgan Stanley, before attending Harvard Business School. At that point, I had to decide if I wanted to go back into investment banking or return to the family business. It was 1983 and NFI was primarily a trucking business with very small warehousing, real estate, and truck leasing components.

I’m not completely sure exactly what I was thinking at the time, but I probably felt a certain obligation to join the family business. I’d kind of grown up within NFI. From junior high school onwards, I’d always helped out at the company during summer vacations. I’d worked in the maintenance shop and as a loader in the warehouse. We had always discussed business around the family table as far back as I can remember. So I guess you could say it was in my blood.

When I entered the business, I also had two brothers and a sister working alongside me. So I not only had to figure out how to work with my father, but also with my siblings too. As we were coming up through the ranks, our father wisely refused to appoint any of us as his successor. ‘If I pick one of you,’ he said to us, ‘the others will always resent me and our relationship will suffer.’ Instead, he told us to work it out among ourselves, after which he would sell the business to us.

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Global Citizens
Fighting an asymmetric war
MOHAMED AMERSI

Problem-solving and progress-making are second nature to Mohamed Amersi. For many years, he worked as a lawyer for two of the world’s leading firms, focusing upon highly complex equity-related deals. He subsequently set up his own advisory and investment firm specializing in technology, media, and telecoms. In 2015, he and his family created the Amersi Foundation, which particularly supports causes relating to education, poverty, conflict, and social cohesion.

The pandemic has definitely felt like a war at times. But it’s an unusual, asymmetric kind of war. The enemy we’re fighting is one that we can’t see or touch. It doesn’t deploy tanks, fire bullets or have a nuclear arsenal. But it does have hidden bases in pretty much every single part of the Earth. And our current weaponry is unable to defeat this enemy – an enemy that is only interested in killing us.

Like most people, I have had to learn a lot very quickly about COVID-19. I had no in-depth understanding of what ‘triaging,’ ‘social distancing,’ and ‘self-isolation’ were all about. We’ve all learned a completely new lexicon, a new way of living and have a new way of thinking about things. It’s a strange paradox, but we’ve had to stay apart in order to come together against this pandemic.

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Contact us

To help us put you in touch with the right advisor or team, please answer the following questions.

Source: Private Bank, Private Equity and Real Estate Research and Management as of 30 June 2020. Based on all funds launched from 2010 through 30 June 2020. Citi Private Bank was the only Private Bank or UHNW distributor or the underlying fund was unique/bespoke to Private Bank clients (i.e. our structures/separately managed accounts (“SMAs”) were not accessible elsewhere).
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