Citi, BlackRock Partner on EUR15 Billion Private Capital Program

By Nicholas G. Miller

Citi and BlackRock are partnering on a 15 billion euro ($17.48 billion) private capital program to expand private financing for borrowers in Europe, the Middle East and Africa.

Citi will use its origination capabilities to source investment opportunities for the program, which will serve borrowers based in Continental Europe, the U.K., and eventually the Middle East.

The opportunities will include a broad range of sub-investment-grade debt instruments, the companies said.

"This program is designed to directly support our clients' strategic objectives across the EMEA region by combining Citi's deep client relationships and origination strength with their significant capital and structuring expertise," said John McAuley, Citi's co-head of debt capital markets.

Write to Nicholas G. Miller at [e-mail]

(END) Dow Jones Newswires

05-18-26 0936ET