NAPIER PARK GLOBAL CAPITAL ANNOUNCES THE COMPLETION OF CITI’S $2.4 BILLION REDEMPTION

Napier Park Global Capital (“Napier Park”), the $6 billion global alternative asset management firm that spun out of Citi in March 2013, today announced that in just 18 months it has successfully replaced Citi’s  $2.4 billion, LP investment through both existing and new institutional investors. As a result, Citi is no longer an investor in any of Napier Park’s hedge funds.