# Citigroup Alternative Investments LLC

> Citigroup Alternative Investments LLC is an SEC-registered investment advisory firm in New York, NY, registered since 2002, reporting $100 million to $500 million in regulatory assets under management in its Form ADV filing dated June 17, 2026.

- CRD: 119537
- Filed as: CITIGROUP ALTERNATIVE INVESTMENTS LLC
- Also doing business as: CITIGROUP PRIVATE EQUITY (CVCI GP) LLC (RELYING ADVISER), CITIGROUP PRIVATE EQUITY (OFFSHORE) LLC (RELYING ADVISER), CITIGROUP PRIVATE EQUITY LP (RELYING ADVISER)
- Registration: SEC-registered investment adviser (status as filed: Approved)
- Location: New York, NY
- Filing period: October 2026
- Form ADV filing dated: June 17, 2026
- SEC record (IAPD): https://adviserinfo.sec.gov/firm/summary/119537
- AdvisorCensus page: https://advisorcensus.com/firm/citigroup-alternative-investments-llc-new-york-ny-119537

## Quick answers

**How is Citigroup Alternative Investments LLC compensated?**
On its Form ADV (Item 5.E, October 2026), Citigroup Alternative Investments LLC reports these compensation arrangements: a percentage of assets under its management; performance-based fees. The amounts are in Item 5 of its Form ADV Part 2A brochure.

**Where is Citigroup Alternative Investments LLC located?**
Citigroup Alternative Investments LLC's principal office is in New York, NY, according to its Form ADV.

**Is Citigroup Alternative Investments LLC registered with the SEC or a state?**
Citigroup Alternative Investments LLC is an SEC-registered investment advisory firm, registered since 2002. Status as filed: Approved. CRD 119537.

**How much does Citigroup Alternative Investments LLC manage?**
Citigroup Alternative Investments LLC reports $127,429,182 in regulatory assets under management in its Form ADV filing dated June 17, 2026 (100% discretionary).

**How have Citigroup Alternative Investments LLC's assets and staff changed since 2021?**
In the Form ADV data for Citigroup Alternative Investments LLC: Regulatory assets under management: $431,806,445 in the October 2021 data and $127,429,182 in the October 2026 data, down 70%. Total employees: 16 in October 2021 and 15 in October 2026. Assets under management move with markets as well as with clients coming and going.

**What types of clients does Citigroup Alternative Investments LLC serve?**
By number of clients on Form ADV Item 5.D: pooled investment vehicles (other than investment companies and business development companies) (7); other (6).

**Which custodians does Citigroup Alternative Investments LLC use?**
Citigroup Alternative Investments LLC's most recent Form ADV filing (Schedule D, Section 5.K(3)) lists Goldman Sachs Asset Management, L.P. as a custodian holding 10% or more of its separately managed account assets.

**Does Citigroup Alternative Investments LLC report any disciplinary disclosures?**
Reports 5 disclosure items on Form ADV Item 11: yes answers to 11.C(4) (SEC or CFTC order), 11.C(5) (SEC or CFTC civil money penalty or cease-and-desist order), 11.D(1) (another regulator's finding of a false statement or omission, or of dishonest, unfair, or unethical conduct), 11.D(2) (another regulator's finding of a violation), and 11.D(4) (another regulator's order in the past ten years). Each question covers the firm and its advisory affiliates, and one event can produce several yes answers. The detail of any item is on the firm's SEC record: https://adviserinfo.sec.gov/firm/summary/119537

**What changed in Citigroup Alternative Investments LLC's recent Form ADV filings?**
In the April 2026 filing data: Employees performing advisory functions went from 6 to 5. Regulatory assets under management went from $200,228,686 to $127,429,182 (-36%). Registered or notice-filed in DE.

## From the Form ADV filing

### Compensation (Item 5.E)
- A percentage of assets under your management
- Performance-based fees

### Custodians (Schedule D, Section 5.K(3))
- Goldman Sachs Asset Management, L.P.

Custodians holding 10% or more of the firm's separately managed account assets, as filed on Form ADV (Schedule D, Section 5.K(3)). A custodian holds client assets; it does not endorse or supervise the firm. AdvisorCensus has no relationship with any custodian.

### Regulatory assets under management (Item 5.F)
- Total: $127,429,182
- Discretionary: $127,429,182
- Non-discretionary: $0

### Clients (Item 5.D)

| Client type | Clients | Assets |
| --- | --- | --- |
| Pooled investment vehicles (other than investment companies and business development companies) | 7 | $123,322,966 |
| Other | 6 | $4,106,216 |

### Advisory services (Item 5.G)
- Portfolio management for pooled investment vehicles (other than investment companies)

### Firm details
- Registered since: 2002 (24 years)
- Employees: 15 total, 5 performing advisory functions
- Wrap fee program participation: No
- States registered or notice-filed: DE, NY
- Disclosures (Item 11): Reports 5 disclosure items on Form ADV Item 11.

### Item 11 questions answered yes
- 11.C(4): Has the SEC or the CFTC ever entered an order against the firm or an advisory affiliate in connection with investment-related activity?
- 11.C(5): Has the SEC or the CFTC ever imposed a civil money penalty on the firm or an advisory affiliate, or ordered the firm or an advisory affiliate to cease and desist from an activity?
- 11.D(1): Has another federal regulator, a state regulator, or a foreign financial regulator ever found that the firm or an advisory affiliate made a false statement or omission, or was dishonest, unfair, or unethical?
- 11.D(2): Has another federal regulator, a state regulator, or a foreign financial regulator ever found that the firm or an advisory affiliate was involved in a violation of investment-related regulations or statutes?
- 11.D(4): In the past ten years, has another federal regulator, a state regulator, or a foreign financial regulator entered an order against the firm or an advisory affiliate in connection with investment-related activity?

Each question covers the firm and its advisory affiliates: its current employees other than clerical staff, its officers, partners, and directors, and anyone who controls the firm or is controlled by it. One event can produce yes answers to several questions. SEC-registered advisers and exempt reporting advisers may leave out events more than ten years old, and may answer 11.A(2) and 11.B(2) for pending charges only. The detail of each yes answer is on the firm's SEC record: https://adviserinfo.sec.gov/firm/summary/119537

## Assets and staff over time

| Data period | Regulatory assets under management | Employees | Filing dated |
| --- | --- | --- | --- |
| October 2021 | $431,806,445 | 16 | July 12, 2021 |
| October 2022 | $450,983,633 | 15 | June 24, 2022 |
| October 2023 | $339,055,197 | 15 | July 14, 2023 |
| October 2024 | $312,017,246 | 15 | March 27, 2024 |
| October 2025 | $200,228,686 | 15 | June 25, 2025 |
| October 2026 | $127,429,182 | 15 | June 17, 2026 |

Regulatory assets under management: $431,806,445 in the October 2021 data and $127,429,182 in the October 2026 data, down 70%.
Total employees: 16 in October 2021 and 15 in October 2026.

## Changes in the filing (last 12 months)

### April 2026
- Employees performing advisory functions went from 6 to 5.
- Regulatory assets under management went from $200,228,686 to $127,429,182 (-36%).
- Registered or notice-filed in DE.

## Source

Form ADV as filed, October 2026. Values appear as filed. Cite as: AdvisorCensus. Citigroup Alternative Investments LLC (CRD 119537): Form ADV filing data as of October 2026.