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Citigroup To Close CVCI Japan Office

13 June, 2011

Citigroup will close its Japan office for Citi Venture Capital International as the high-growth focused fund management firm has failed to find any attractive investments.

Citi Venture Capital International, which manages $7 billion in equity investments and committed capital, opened its Japan office in September 2006.

A Tokyo-based Citigroup spokeswoman declined to comment.

CVCI has been active in other parts of Asia and investments include India’s BGR energy Systems, a power projects firm, and Belgium-based Hansen Transmissions International NV which also has operations in India, according to its website.

This month CVCI invested in Israel’s Ness Technologies Inc , an information technology service provider, for about $307 million in cash.

 


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Citigroup To Close CVCI Japan Office

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