BUSINESS
03/28/2008 02:45 am ET Updated May 25, 2011

Citi's Private Equity Stakes On The Block?

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.

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