Sandy Weill launches PE fund

According to the Wall Street Journal, former Citigroup CEO Sandy Weill is raising money for a $5 billion private equity fund to invest in battered financial companies. This guy should know something about battered financial companies considering that 2 LONG months ago Citigroup's performance had everyone wondering if the universal banking model was sustainable. That was before the independent broker-dealers died but after Weill and his sovereign-wealth buddies took 50% losses on $12.5 billion they invested in Citigroup this January.

I guess its true what they say. "Old soldiers never die..." They just raise more money.

Nuts.

Comments (2)

Oct 24, 2008 - 10:54am
Cornelius, what's your opinion? Comment below:

He's older than McCain.

...Funny, he started out at Bear.

------------ I'm making it up as I go along.
Oct 24, 2008 - 1:03pm
sailing101, what's your opinion? Comment below:

Quos vero suscipit et optio. Qui ut ut doloribus nulla totam labore eum. At quo consequatur magni sed expedita delectus necessitatibus. Quae iste fugit dolorum. Cumque aliquam minus laborum quis ad facilis. Consectetur officia sunt omnis illo exercitationem possimus dolorem facere.

Expedita esse enim est animi consectetur aliquam. Voluptatem ab vel quas tempora. Nostrum harum eius soluta et voluptatem ratione autem. Qui delectus est laudantium odit ipsa ipsam corporis. Quia molestias molestiae facere.

Start Discussion

Popular Content See all

Career Advancement Opportunities

November 2022 Private Equity

  • The Riverside Company 99.5%
  • Warburg Pincus 98.9%
  • Blackstone Group 98.4%
  • KKR (Kohlberg Kravis Roberts) 97.8%
  • Bain Capital 97.3%

Overall Employee Satisfaction

November 2022 Private Equity

  • Ardian 99.5%
  • The Riverside Company 98.9%
  • Blackstone Group 98.4%
  • KKR (Kohlberg Kravis Roberts) 97.8%
  • Bain Capital 97.3%

Professional Growth Opportunities

November 2022 Private Equity

  • The Riverside Company 99.5%
  • Bain Capital 98.9%
  • Blackstone Group 98.4%
  • Warburg Pincus 97.8%
  • Ardian 97.3%

Total Avg Compensation

November 2022 Private Equity

  • Principal (8) $676
  • Director/MD (22) $599
  • Vice President (83) $363
  • 3rd+ Year Associate (83) $276
  • 2nd Year Associate (188) $265
  • 1st Year Associate (367) $227
  • 3rd+ Year Analyst (28) $157
  • 2nd Year Analyst (77) $132
  • 1st Year Analyst (223) $122
  • Intern/Summer Associate (25) $68
  • Intern/Summer Analyst (276) $58