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The London-based firm has boosted its exposure to European property by taking over what is believed to be Bank of America Merrill Lynch's position in the Bosphorous fund.
The duo recently helped former Barclays captive Absa Capital to go independent in South Africa's largest-ever secondaries deal.
The sale of emerging markets-focused CVCI leaves Citi with an uncertain future in private equity.
Abu Dhabi Capital Management Secondary Private Equity Fund is 40% invested. The firm will raise a second fund focused on secondaries ‘in a few months’ with a $100m target.
Abu Dhabi Capital Management is targeting $100m for its first-ever secondaries fund that will focus on investments mainly in the Middle East and North Africa.

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