News

Law

Asset Management

Investment Banking

Wealth

Hedge Funds

People

Newsletters

Events

Lists

Trading

Citadel gets $1bn injection in first outside investment for trader

Hedge fund billionaire Ken Griffin's electronic trading house gets external backing as debates continue around market makers

Citadel Securities is set to receive its first outside investment in a deal valuing the electronic-trading firm majority-owned by hedge fund billionaire Ken Griffin at around $22bn.

Venture-capital firm Sequoia Capital and cryptocurrency investor Paradigm have agreed to invest $1.15bn in the Chicago-based firm, the company told The Wall Street Journal. Sequoia partner Alfred Lin will also join Citadel Securities’ board.

WSJ Logo