Metalmark Capital LLC has entered into a definitive agreement with Citi under which Metalmark will become an investment center within CAI Alternative Investments.
Metalmark Capital LLC has entered into a definitive agreement with Citi under which Metalmark will become an investment center within CAI Alternative Investments.
The relationship with Citi will allow Metalmark to tap Citi’s extensive network of relationships across a wide array of industries and leverage Citi’s deal flow, institutional banking platform, capital base and intellectual capital.
Metalmark also believes this relationship will enhance its ability to attract and retain best-in-class operating executives and investment professionals. Metalmark Capital Partners, LP and its related funds will, on closing of the transaction, continue to be led by the same senior investment team that has worked together for many years.
The investment strategy and commitment to maximizing the long-term value in the existing portfolio will not change and Metalmark will continue to be aligned with the interests of its Limited Partners.
Metalmark believes that alignment with Citi will provide it with all of the benefits of being part of a larger institution, while allowing the Metalmark team to maintain the operational control, discipline and autonomous decision-making that exists today.
