Citi and LuminArx Capital Launch Private Lending Vehicle

Citi and LuminArx Capital announced the launch of Cinergy, a strategic financing vehicle in the rapidly growing private lending market. Launched by LuminArx Capital, Cinergy will offer a broad range of private credit solutions to companies, including Citi’s global client base. It will invest across multiple asset classes, including asset-backed credit (commercial, consumer and residential) and corporate debt across the capital structure. To support Cinergy, LuminArx and its global institutional partners intend to commit more than $2 billion of capital. In addition, Citi’s leading Spread Products franchise will provide leverage solutions to Cinergy to expand Cinergy’s investment capacity.