Citi To Sell Fund To Rohatyn Group

Citigroup Inc said it will sell a $4.3 billion private equity fund, known as Citi Venture Capital International, for an undisclosed price to investment firm Rohatyn Group, sister news service Reuters reported. Rohatyn will have over $7 billion in assets under management after the deal, which is expected to close in the fourth quarter, the company said in a statement.