Mergers & Acquisitions / Joint Ventures

Citi-backed Ivaldi Capital platform gets going


With an initial €2 billion committed from major institutions and a growing line-up of experienced fund managers, the new Ivaldi vehicle aims to offer a unique absolute return asset management platform

Ivaldi Capital, the new alternative asset management platform formed by Citi to manage alpha-generating investments for major institutional investors, has gone live with its first batch of managers and initial assets under management of €400 million.

Ivaldi owes its name to Norse mythology

Based in London, and with plans to expand into the US and Asia in due course, the Ivaldi platform is so far focusing purely on long/short European equity strategies in listed liquid equities – with three in-house teams already up and running and with the first external allocation to a third-party