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.
Leave Your Comment
5 years ago
Citigroup Inc is selling its emerging markets private equity unit, Citi Venture...
8 years ago
Private equity backed informational technology (IT) services companies seem to...
7 years ago
Rajiv Shukla, who was managing a hedge fund owned by Morgan Stanley till,...