Citigroup (C) Forms Private Credit Partnership With BlackRock

Citigroup Inc. (NYSE:C) is one of the Most Undervalued US Stocks According to Hedge Funds. On March 18, Citigroup Inc. (NYSE:C) announced forming a 15 billion euros, roughly $17.48 billion private credit partnership with BlackRock’s HPS Investment Partners to support direct lending across Europe, the UK, and eventually the Middle East.

​The report noted that, as per this partnership, Citigroup will source deal opportunities for borrowers in the region. The program aims to focus on sub-investment grade debt over an initial five-year term, which are riskier corporate loans that offer higher returns.

The deal is driven by growing demand from Citi’s corporate clients for customized private credit solutions. While Citi will source investment opportunities, HPS brings its lending expertise. Reuters noted that this partnership reflects a broader trend of banks teaming up with investment firms to capture a share of the booming, multi-trillion-dollar private credit market. Notably, earlier Citi struck a similar $25 billion deal with Apollo Global back in 2024.

​Citigroup Inc. (NYSE:C) is a major global financial services holding company offering banking, credit, markets, wealth management, and advisory services to consumers, corporations, governments, and institutions. Headquartered in New York City, the company traces its roots back to 1812.

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