Investment firm Carlyle is set to join forces with Citi to pursue asset-backed financing opportunities within the fintech specialty lending sector.
Under the agreement, Carlyle and Citi have established a framework to share market intelligence and evaluate co-investment and financing opportunities.
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The collaboration will leverage the capabilities of Citi’s Spread Products Investment in Technologies (SPRINT) team, a venture equity investor in fintech specialty lenders, alongside Carlyle’s investment network.
Citi Private Markets Coverage head Rajiv Amlani said: “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.”
Carlyle Asset-Backed Finance (Carlyle ABF), part of Carlyle’s Global Credit platform, specialises in private fixed income and asset-backed investments.
The team draws on Carlyle’s investment platform to provide tailored financing solutions for businesses, specialty finance companies, banks, asset managers, and other owners of diversified asset pools.
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By GlobalDataSince 2021, Carlyle ABF has deployed approximately $8bn and manages around $9bn in assets as of 31 March 2025.
Carlyle Asset-Backed Finance head Akhil Bansal said: “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.
“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.”
With $453bn in assets under management as of 31 March 2025, Carlyle operates across three business segments, including Global Private Equity, Global Vredit, and Carlyle AlpInvest.
Citi, which operates in more than 180 countries and jurisdictions, offers a wide range of financial products and services to corporations, governments, investors, institutions, and individuals.
In January this year, Carlyle appointed Brad McCarthy as managing director and head of Asia Pacific for its Global Wealth division.
