Launches & Closures Hedge Funds

Citi shops new CLO investment fund


Serhan Secmen will manage the $50-100 million launch for Citi Capital Advisors.

   Serhan Secmen (Photo: LinkedIn)
Citi Capital Advisors, the Citigroup hedge fund manager that is spinning out of the bank, is launching a new collateralized loan obligation investment fund, according to draft marketing materials.

Bloomberg reported in February that CCA will spin out of Citi, although the bank will retain some stake in the independent manager. That hasn’t stopped Citi from marketing the new CCA CLO Investments Fund, which expects to launch by the end of year with between $50 million and $100 million under management, according to marketing communications obtained by AR.

“The CLO