Major Move to Private Market Intelligence
US banking powerhouse Citi is making a strategic shift by expanding its research division to include **private companies**, with a particular focus on some of the largest players in the **tech** and **artificial intelligence (AI)** industries[2][3].
Why Private Market Research Is Gaining Importance
This expansion comes as private companies increasingly dominate sectors like **AI** and **aerospace**, areas that were previously led by public firms[1]. Citi's move follows similar steps by competitors such as JPMorgan Chase, indicating a broader industry recognition of the importance of tracking and analyzing private enterprises[3].
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The research will initially target around 100 influential private firms, mostly within technology and related sectors[1].
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Investors will gain in-depth analysis and strategic insights into these “invisible giants,” helping them navigate complex, fast-changing market landscapes[2].
Heath Terry Takes the Lead on Private AI Coverage
Citi has brought in industry veteran **Heath Terry**, previously with Goldman Sachs, Third Point, and Balyasny Asset Management, to spearhead its coverage of private AI companies[3]. Terry will work closely with analysts across sectors to ensure thorough and relevant coverage of private firms driving innovation in their respective industries.
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The initiative aims to fill the knowledge gap as many leading-edge companies prefer to remain private longer, often until they reach substantial scale.
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Sectors of focus include software, fintech, healthcare, consumer, industrial tech, and more[4].
Investor Implications and Strategic Insights
Citi’s expanded coverage is designed to help institutional investors—such as mutual funds, venture capitalists, private equity firms, and sovereign wealth funds—make informed decisions by providing trend tracking and analyses on crucial developments within the private sector[1][4].
Connecting With Industry Leaders
Citi’s efforts are also reflected in its annual Private Company Growth Conference, which highlights innovative late-stage, high-growth companies across a diverse range of sectors. The event brings together CEOs, CFOs, and institutional investors for candid conversations and networking opportunities, showcasing the bank’s commitment to thought leadership and market insight[4].
The ongoing shift to **private market research** signals a new era in financial analysis, as more economic value migrates outside public markets and investors seek ways to identify and evaluate emerging leaders in tech and AI.
For those tracking the evolving landscape of AI tools, Citi’s analysts are likely to include market movements surrounding major platforms such as
ChatGPT and industry rivals, offering even deeper insights into the future of artificial intelligence.
Connecting With Industry Leaders
Connecting With Industry Leaders
