Latest news with #AkhilBansal
Yahoo
a day ago
- Business
- Yahoo
Wall Street's New Power Couple: Citi and Carlyle Target Fintech's $5.2 Trillion Goldmine
Citigroup (NYSE:C) and Carlyle Group are teaming up in a way that could reshape how early-stage fintechs raise capital. Their new agreement lets them co-invest in young lending platformsand in the financial assets those platforms originate, like consumer loans, auto financing, or even solar power contracts. Carlyle will focus on private credit, while Citi's SPRINT venture teamalready known for backing fintechs like Pyloncould eventually help take those loans public via securitization. The goal? Back promising fintechs from seed to scale, across both private and public markets. Warning! GuruFocus has detected 7 Warning Sign with C. This isn't Carlyle's first move in the space. Last year, it took a minority stake in residential solar lender Sungage Financial and bought some of its loans. Blackstone has made similar plays. What's new here is the structure: by linking up with Citi, Carlyle gets access to deal flow that might not meet a bank's typical risk appetite, while Citi gains a partner that can go deeper into private lending. According to Citi's Rajiv Amlani, startups without enough credit history might be steered to Carlyle insteadespecially those pushing the envelope on AI and specialty finance. And the stakes are rising fast. Asset-backed finance is a $5.2 trillion arena, and private credit managers are aggressively expanding into it. This deal marks Citi's third such partnership in just 18 monthsafter similar tie-ups with Apollo and LuminArx. As Akhil Bansal of Carlyle put it, fintechs don't want to keep reintroducing themselves every time they raise capital. With this setup, Citi and Carlyle are offering a long-term capital partnerfrom Series A to ABS. It's a full-stack strategy for the next wave of tech-enabled lenders. This article first appeared on GuruFocus. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
a day ago
- Business
- Yahoo
Wall Street's New Power Couple: Citi and Carlyle Target Fintech's $5.2 Trillion Goldmine
Citigroup (NYSE:C) and Carlyle Group are teaming up in a way that could reshape how early-stage fintechs raise capital. Their new agreement lets them co-invest in young lending platformsand in the financial assets those platforms originate, like consumer loans, auto financing, or even solar power contracts. Carlyle will focus on private credit, while Citi's SPRINT venture teamalready known for backing fintechs like Pyloncould eventually help take those loans public via securitization. The goal? Back promising fintechs from seed to scale, across both private and public markets. Warning! GuruFocus has detected 7 Warning Sign with C. This isn't Carlyle's first move in the space. Last year, it took a minority stake in residential solar lender Sungage Financial and bought some of its loans. Blackstone has made similar plays. What's new here is the structure: by linking up with Citi, Carlyle gets access to deal flow that might not meet a bank's typical risk appetite, while Citi gains a partner that can go deeper into private lending. According to Citi's Rajiv Amlani, startups without enough credit history might be steered to Carlyle insteadespecially those pushing the envelope on AI and specialty finance. And the stakes are rising fast. Asset-backed finance is a $5.2 trillion arena, and private credit managers are aggressively expanding into it. This deal marks Citi's third such partnership in just 18 monthsafter similar tie-ups with Apollo and LuminArx. As Akhil Bansal of Carlyle put it, fintechs don't want to keep reintroducing themselves every time they raise capital. With this setup, Citi and Carlyle are offering a long-term capital partnerfrom Series A to ABS. It's a full-stack strategy for the next wave of tech-enabled lenders. This article first appeared on GuruFocus. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Reuters
2 days ago
- Business
- Reuters
Carlyle teams up with Citi to invest in fintech lenders
June 12 (Reuters) - Investment firm Carlyle Group (CG.O), opens new tab has partnered with U.S. banking giant Citigroup (C.N), opens new tab to provide asset-backed financing to fintech lenders, the companies said on Thursday. As part of the partnership, Carlyle and Citi will share market intelligence, and explore co-investment and financing opportunities, the companies added. The rise of fintech lending, fueled by convenient application processes and flexible credit, is pushing traditional financial heavyweights to gain exposure to the space. Facing surging demand from borrowers, fintech lenders are also increasingly turning to investment firms for capital. "Demand for scalable and tailored asset-backed financing solutions from fintech lenders has increased as they mature and seek efficient ways to fund their growth," said Akhil Bansal, head of asset-backed finance at Carlyle. Asset-backed financing is a type of lending secured by a pool of assets, and is one of the fastest-growing segments of the private credit market. Citi also has a $25 billion private credit partnership with Apollo (APO.N), opens new tab.
