GAVIN RANKIN

CITI PRIVATE BANK

City
New York
Category
Alternative Investment Advisers
Company Size
International

Gavin Rankin is Citi’s head of managed investments and a thought leader on private equity. Rankin tells Spear’s that HNWs are becoming ‘pretty sceptical’ about where more liquid markets are going to go from here. This scepticism, he suggests, has led Citi’s client base to become ‘very willing’ to take illiquidity – in the form of capital that is not listed on a public exchange – within their portfolio. But is this new? ‘It’s a trend that’s at a peak right now,’ Rankin says. ‘At this point in the cycle people are very tolerant of illiquidity. Why is that? Well, there are a lot of opportunities out there that you can only access if you lock your money up for longer.’

Gavin Rankin
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