Citi Awarded Mandate from MB Global Partners to Provide Private Equity Administration Services
New York, NY - November 14, 2013 – Citi has been awarded a mandate to provide private equity administration services to MB Global Partners, a New York-based private equity firm founded by Maria Boyazny in 2010, which manages capital on behalf of Fortune 50 companies, U.S. and Canadian pension funds, foundations, family offices and other investors.
"Citi's deep understanding of our business as well as its proven track record of service delivery were decisive factors in our decision to select Citi," said Maria Boyazny, founder and CEO of MB Global Partners. "We are confident that services provided by Citi will help bring an optimal level of efficiency and transparency to our investors."
"We are pleased that MB Global has chosen Citi for not only its fund administration capabilities, but its many other strengths as well," said Joe Patellaro, Global Head of Private Equity Services, Citi. "We look forward to having MB Global as a client for many years to come."
Citi OpenInvestor 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. With $13.9 trillion in assets under custody and administration, 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 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 $200 billion of committed capital, representing more than 120 clients and over 900 fund entities.
About MB Global Partners:
MB Global Partners is an innovative, tactical investment platform for institutional investors focused on an array of credit dislocation and special situations strategies. The platform encompasses all credit asset classes – corporate debt, residential mortgage opportunities, financial institution recaps and other special situations around the world. MB Global has developed a pioneering dynamic portfolio construction model to allow its clients to capture opportunities at the appropriate time in the cycle.
Additional information can be found at www.mbglobalpartners.com
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.
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