Citi has been mandated to provide private equity administration services to MB Global Partners, a New York-based private equity firm founded by Maria Boyazny that manages capital on behalf of Fortune 50 companies, US and Canadian pension funds, foundations, family offices and other investors.
"Citi’s deep understanding of our business as well as its proven track record of service delivery were decisive factors in our decision to select Citi,” said Boyazny, founder and CEO of MB Global Partners. “We are confident that services provided by Citi will help bring an optimal level of efficiency and transparency to our investors.”
Boyazny launched MB Global Partners in partnership with G2 Investment Group in 2010, in order to capitalise on the credit dislocations and distressed opportunities created by the global financial crisis.
"This is a decade of credit, as financial institutions and governments around the world are forced to refinance their LBO, real estate and sovereign debt. We will implement a number of innovative concepts to take our credit business to a new level," said Boyazny at the time.
