LuminArx Capital, a global alternative investment manager focused on special situations investing, has launched Cinergy, a strategic financing vehicle which will offer a broad range of private credit solutions to Citi’s global client base.
Cinergy will invest across multiple asset classes including asset-backed credit (commercial, consumer and residential) and corporate debt across the capital structure.
To support Cinergy, LuminArx and its global institutional partners intend to commit more than $2bn of capital. In addition, Citi’s Spread Products franchise will provide leverage solutions to Cinergy to expand the vehicle’s investment capacity.
Cinergy is intended to enable LuminArx to access a range of private credit opportunities sourced by Citi through its extensive global client network – including from its commercial banking division – and utilise Citi’s distinct financing capabilities.
