Citadel to Raise At Least $500 Million From Bond Sale

Citadel LP, the hedge fund founded by Ken Griffin, plans to raise at least $500 million through a corporate bond sale, according to sources familiar with the transaction, Josyana Joshua and Olivia Raimonde reported this development for Bloomberg News.

Citadel holds a Baa2 rating from Moody's and a BBB rating from S&P Global Rating. I Photo: Citadel Securities

The offering may include bonds with maturities ranging from five to ten years, said the sources, who requested anonymity due to the private nature of the information.

Citadel, which managed approximately $65 billion in investment capital as of Jan. 1, 2025, holds a Baa2 rating from Moody's and a BBB rating from S&P Global Ratings—both eight notches below the highest investment-grade rating of AAA.

The hedge fund posted a roughly 15% gain in its flagship strategy last year.

Morgan Stanley, Bank of America Corp., and Goldman Sachs Group Inc. facilitated investor calls regarding the bond offering. Representatives for Goldman Sachs and Bank of America declined to comment, while Morgan Stanley did not respond to requests for comment.