The Citigroup Inc (Citi) logo is seen at the SIBOS banking and financial conference in Toronto, Ontario, Canada October 19, 2017. Picture taken October 19, 2017. REUTERS/Chris Helgren
(Reuters) -Wall Street heavyweight Citigroup has agreed to sell its wealth alternatives unit to fintech firm iCapital, the companies announced on Tuesday, as the bank pursues simplifying its business.
The unit, Citi Global Alternatives, represents more than 180 funds distributed by the bank across asset classes including private equity, infrastructure, hedge funds, and private credit.
