Citation Capital Closes Inaugural Fund I at $1.2 Billion of Investable Capital
PE FORUM > Blog > Fundraising News > Citation Capital Closes Inaugural Fund I at $1.2 Billion of Investable Capital
– Citation Capital held the final close of its inaugural Citation Fund I, reaching its $1.1 billion hard cap in third-party LP commitments; including GP and affiliate commitments, total investable capital stands at $1.2 billion.
– The fund was oversubscribed and attracted commitments from a diverse group of institutional investors, including pension plans, sovereign wealth funds, insurance companies, funds of funds, endowments, foundations, and family offices.
– Tiffany K. Hagge, Founder and Managing Partner, said the successful fundraise validates Citation’s differentiated team, investment strategy, and focus on partnering with founder- and family-led businesses, while expressing gratitude for the support of its institutional investors.
– Citation was founded by Tiffany K. Hagge and Lydie B. Hudson, alongside original Partners Spencer Almy and Santiago Castelazo.
– Lydie B Hudson, Co-Founder and President, said the milestone reflects investor confidence in the firm’s team, strategy, and founder-focused approach, and highlighted Citation’s commitment to partnering with exceptional businesses to deliver strong returns.
– The fund was oversubscribed and attracted commitments from a diverse group of institutional investors, including pension plans, sovereign wealth funds, insurance companies, funds of funds, endowments, foundations, and family offices.
– Tiffany K. Hagge, Founder and Managing Partner, said the successful fundraise validates Citation’s differentiated team, investment strategy, and focus on partnering with founder- and family-led businesses, while expressing gratitude for the support of its institutional investors.
– Citation was founded by Tiffany K. Hagge and Lydie B. Hudson, alongside original Partners Spencer Almy and Santiago Castelazo.
– Lydie B Hudson, Co-Founder and President, said the milestone reflects investor confidence in the firm’s team, strategy, and founder-focused approach, and highlighted Citation’s commitment to partnering with exceptional businesses to deliver strong returns.
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