Latest news with #AkhilBansal
Yahoo
4 days ago
- Business
- Yahoo
Morgan Stanley Maintains its Citigroup Inc. (C) Buy Rating
Citigroup Inc. (NYSE:C) is among the 11 Best Financial Services Stocks to Buy Right Now. Carlyle Group has collaborated with Citigroup Inc. (NYSE:C) to offer asset-backed lending to fintech lenders, the companies announced on June 12. A customer walking into a bank branch, expressing the convenience of consumer banking services. Both companies are collaborating to share market knowledge and look into co-investment prospects in order to promote the expanding fintech lending industry. Fintech lending has grown quickly due to growing borrower demand and digital ease, which has led to traditional institutions like Citigroup Inc. (NYSE:C) becoming more involved. As businesses expand, fintech lenders are increasingly looking to investment firms for funding. Akhil Bansal, head of asset-backed finance at Carlyle, stressed the rising need for customized, scalable solutions. The fastest-growing segment of private lending is asset-backed finance, which is backed by a collection of financial assets. This transaction shows Citigroup Inc. (NYSE:C)'s larger strategic focus on private lending and strengthens the bank's $25 billion private credit agreement with Apollo. The collaboration displays Carlyle and Citigroup Inc. (NYSE:C)'s intention to profit from changes in the structure of the credit markets. While we acknowledge the potential of C as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock. READ NEXT: 10 High-Growth EV Stocks to Invest In and 13 Best Car Stocks to Buy in 2025. Disclosure. None. Sign in to access your portfolio
Yahoo
5 days ago
- Business
- Yahoo
Carlyle Announces Partnership With Citigroup on Asset-Backed Lending
Carlyle Group Inc. CG has announced a collaboration with Citigroup Inc. C to expand asset-backed financing opportunities within the fintech specialty lending space. Both companies have formalized a framework to exchange market intelligence and explore co-investment and financing opportunities to align strategic objectives and deepen integration. The collaboration will integrate Carlyle's extensive investment network with the expertise of Citigroup's Spread Products Investment in Technologies (SPRINT) team, a leading venture equity investor in fintech specialty lending. Akhil Bansal, head of asset-backed finance at Carlyle, stated that '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.' Bansal further added that, 'By combining our deep credit and structuring expertise with Citi's leading presence in the fintech investment landscape, we're well-positioned to capture emerging opportunities and support the next generation of financial technology leaders.' On the other hand, Rajiv Amlani, head of Private Markets Coverage at Citigroup, further added that 'This collaboration leverages the best of both our firms. Through the scale of our franchise, we are uniquely positioned to unlock opportunities by bringing the dynamism of innovative tech platforms to an established global leader such as Carlyle.' Over the past three months, shares of Carlyle have risen 9% compared with the industry's growth of 1.1%. Image Source: Zacks Investment Research Currently, the company carries a Zacks Rank #3 (Hold). You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here. Last month, State Street Corporation's STT asset management arm, State Street Global Advisors ('SSGA'), entered a strategic alliance with smallcase. The alliance aims to expand global market access for Indian investors and enhance SSGA's presence in India's fintech sector. The partnership will provide STT's arm with a distribution opportunity for its SPDR ETFs by featuring them on smallcase's platform technology. This will enhance SSGA's global investment accessibility for Indian investors through technology-driven solutions. Similarly, in the same month, UBS Group AG UBS entered a strategic partnership with General Atlantic, a US-based investment firm, to focus on private credit opportunities. The collaboration between UBS and General Atlantic aims to expand the access of investing clients and borrowers to a broader range of direct lending and other credit products. By combining UBS's advisory and investment banking origination capabilities with General Atlantic's extensive global network, the partnership will create compelling private credit solutions. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Citigroup Inc. (C) : Free Stock Analysis Report UBS Group AG (UBS) : Free Stock Analysis Report State Street Corporation (STT) : Free Stock Analysis Report Carlyle Group Inc. (CG) : Free Stock Analysis Report This article originally published on Zacks Investment Research ( Zacks Investment Research
Yahoo
12-06-2025
- 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
12-06-2025
- 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
12-06-2025
- 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.
