Citi has been awarded an expanded mandate from Kayne Anderson Capital Advisors (“Kayne Anderson”) to provide administration services for five additional hedge funds. Citi’s total hedge fund mandate with Kayne Anderson now includes seven funds and over $2 billion in assets under administration.
Kayne Anderson is a Los Angeles-based alternative investment firm focusing in the energy, infrastructure, growth capital, real estate and middle market credit sectors.
“We are pleased to continue to demonstrate the value of our operational team,” said Bob Wallace, North America Head of Securities and Fund Services, Citi. “We look forward to continuing to support Kayne Anderson’s growth by delivering leading technology that assists our client’s ability to provide transparency.”
With over $445 billion of alternative assets under administration, Citi is a leading provider of investment services that help hedge fund managers ease operational and administrative burdens. Citi’s full suite of solutions delivered through Citi OpenInvestor SM lets hedge fund managers focus on building relationships and growing their business.“Clients such as Kayne Anderson are looking for a provider that knows how to support them in meeting the expectations of their investor base,” said Michael Sleightholme, Citi’s Global Head of Hedge Fund Services. Citi understands their needs and is committed to helping make that happen. We look forward to working together with Kayne to help them reach their business objectives.” Citi OpenInvestor is the investment services solution for today’s diversified investor that combines specialized expertise, comprehensive capabilities and the power of Citi’s global network to help clients meet performance objectives across asset classes, strategies and geographies. Citi OpenInvestor provides institutional, alternative and wealth managers with middle office, fund services, custody, and investing and financing solutions that are focused on their specific challenges and customized to their individual needs. For more information, visit openinvestor.transactionservices.citi.com Citi Transaction Services, a division of Citi’s Institutional Clients Group, offers integrated cash management, trade, and securities and fund services to multinational corporations, financial institutions and public sector organizations around the world. With a network that spans more than 95 countries, Citi’s Transaction Services supports over 65,000 clients. As of the third quarter of 2012, it held on average $415 billion in liability balances and over $12.8 trillion in assets under custody.