The nation's third-largest bank by assets said it won't be investing in new infrastructure deals for a $3.4 billion fund, according to a memo to investors that was reviewed by The Wall Street Journal. The fund, which Citi raised in 2007 with $500 million of its own capital, owns assets like a U.K. water supplier and a Spanish toll road.
Citigroup tries to exit alternative investments
Winds down private-equity holdings
Source: The Wall Street Journal