Kayne Anderson Capital Advisors has added five more hedge funds to Citi’s administration mandate.
Citi now represents seven of Los Angeles-based Kayne Anderson's hedge funds and oversees $2 billion in AUA.
“Clients such as Kayne Anderson are looking for a provider that knows how to support them in meeting the expectations of their investor base,” said Michael Sleightholme, Citi’s global head of hedge fund services. “Citi understands their needs and is committed to helping make that happen."
Bob Wallace, North America head of securities and fund services at Citi, added: “We look forward to continuing to support Kayne Anderson’s growth by delivering leading technology that assists our client’s ability to provide transparency.”
