Citi advised StepStone Group on landmark $3.3 billion Structured Solutions Vehicle

Key Terms

structured solutions vehicle financial

A structured solutions vehicle is a special legal entity set up to hold, package and manage a mix of financial assets or engineered investment products so they can be sold to investors. Think of it as a sealed box that groups different cashflows and risks into slices investors can buy; by doing so it isolates those assets from the originator and can change how risk, return and liquidity are presented. Investors care because the vehicle’s rules, credit support and transparency determine how likely they are to get paid and how easy it is to sell the holdings.

private market secondaries financial

Private market secondaries are transactions where existing owners of privately held company shares — such as early investors, employees, or funds — sell their stakes to other investors instead of waiting for a public listing or company sale. They matter to investors because they provide a way to buy or sell ownership in private businesses, offering liquidity and price discovery in a market that is otherwise hard to trade; think of it like buying a used car from its first owner rather than waiting for a brand-new model to appear.

secondaries platform financial

An online or institutional marketplace that facilitates buying and selling of existing securities rather than new issues, often focused on shares of private companies, limited partnership interests, or other previously issued instruments. It matters to investors because it provides a way to convert illiquid holdings into cash and to access opportunities outside public exchanges, similar to a consignment shop where owners can sell used items and buyers can find things not available in regular stores.

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• Citi advised StepStone Group on the structuring and placement of the largest structured solutions vehicle of its kind to date, successfully securing $3.3 billion in commitments.
• The $3.3 billion vehicle invests primarily in private market secondaries.
• The solution provides institutional investors with a flexible and capital-efficient way to access StepStone Group's leading secondaries platform.

LONDON--(BUSINESS WIRE)-- Citi has advised StepStone Group, a leading global private markets investment firm, on the structuring and placement of the largest structured solutions vehicle of its kind to date, resulting in $3.3 billion in commitments to invest predominantly in private market secondaries.

The vehicle enables institutional investors to access the firm's secondaries platform through a flexible and capital-efficient solution.

Harsh Shah, Head of Private Capital Solutions at Citi, commented: "This solution is distinguished by its scale, bespoke nature and the backing of well-known market leaders. We are pleased to lend our expertise in structured solutions to support our valued clients."

About Citi

Citi is a preeminent banking partner for institutions with cross-border needs, a global leader in wealth management and a valued personal bank in its home market of the United States. Citi does business in more than 180 countries and jurisdictions, providing corporations, governments, investors, institutions and individuals with a broad range of financial products and services.

Additional information may be found at www.citigroup.com | X: @Citi | LinkedIn: www.linkedin.com/company/citi | YouTube: www.youtube.com/citi | Facebook: www.facebook.com/citi

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Media Contact:
Anja Klein
anja.klein@citi.com

Source: Citi