Even after its outside investments and its controversial dividend cut, Citigroup may still be looking for additional capital. PE Hub's Dan Primack reports that the wounded financial giant may try a new tack: selling some of its private equity portfolios.
Mr. Primack said Citi is in talks to sell $1.4 billion worth of two portfolios. One is $1 billion of direct investments by Nikko Cordial, the Japanese brokerage that it agreed to buy last year. The other is Citi's $400 million in older stakes in Court Square Capital Partners, a now-independent buyout firm.