Citi has been awarded a mandate from glendonTodd Capital to provide private equity fund services.
Based in Dallas, Texas, glendonTodd is a private equity firm that focuses on investments in healthcare real estate, data centres and related infrastructure, technology-enabled business services companies, and financial services companies.
Mary Hatcher (pictured), chief financial officer and chief compliance officer at glendonTodd, says: "We think Citi’s proven expertise and extensive experience in meeting the specialised needs of private equity sponsors fits well with our investment philosophy. The knowledge of their staff and the depth of their capabilities were key factors in our decision when finding a service provider for our private equity funds."
Citi provides full turnkey capabilities for accounting, administrative and reporting functions. Citi coordinates across the general partner and other third-party relationships to act as a centralised point of information and investor/shareholder reporting.
"Citi has a long history of providing services to mid-market private equity fund groups," says Joe Patellaro, global head of Citi’s private equity services. "We offer a flexible, end-to-end client service model and platform that can be easily tailored to our clients’ requirements and objectives, backed by a dedicated team of specialists and the extensive investment services resources and infrastructure of Citi. We look forward to supporting glendonTodd’s continued growth in the private equity space."
