The United States reinstated its blockade on Iranian ports in the Strait of Hormuz and shipping slowed to a crawl amid the renewed warfare in the critical waterway.
Citation Capital has held a $1.2bn final close for its inaugural private equity fund, making it one of the largest first-time buyout vehicles raised in recent years despite a difficult fundraising environment for new managers.
The post Citation Capital closes $1.2bn debut fund as emerging manager bucks fundraising headwinds appeared first on AltAssets Private Equity News.
