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City banks rush to bolster private markets teams: ‘It’s our number one area of growth’
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City investment banks are bolstering their private capital markets teams in Europe, as fundraising more than doubled in the region this year amid a broader deal boom.
Citigroup, Goldman Sachs and JPMorgan are among the large Wall Street banks taking on dealmakers to raise funds for high-growth companies in Europe — predominantly in the technology sector — making fresh recruitment drives some three years after a number of firms launched dedicated private capital teams in the region.
Citigroup...
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