Citi Buyout Banker Sees More PE Firm Exits After US Election

Private equity firms are under high pressure from sponsors to exit companies, with selling activity likely to pick up after the US election, according to Anthony Diamandakis, the global head of Citigroup’s global asset managers team.

Buyout firms’ portfolios are bigger than they have ever been, and “the pressure is high” to return cash to investors, Diamandakis said in an interview with Manus Cranny and Dani Burger on Bloomberg TV. The banker, who leads the team at Citi that advises alternative asset managers, expects selling activity to pick up over 2025-2027, making up for a lack of exits over the prior few years.