Montana Capital Partners is being acquired by PGIM.
PGIM, an investment manager of U.S. insurance giant Prudential, announced the acquisition of Montana Capital Partners (MCP), a European-based service provider in the private equity secondary market. This strategic move significantly expands PGIM’s alternatives offering, adding MCP’s expertise in private equity secondaries to its existing alternatives platform.
Founded in 2011 by Christian Diller and Marco Wulff, MCP has established itself as a player in the private equity secondary market. Upon completion of the acquisition, MCP will be integrated into PGIM’s multi-manager structure, maintaining investment autonomy and independence, with its team based in Switzerland.
The acquisition enhances PGIM's capability in private markets, particularly in private equity secondaries, complementing its broader alternative investment strategies across real estate, agriculture, private credit, and private equity. The combined entity will manage approximately €2.7 billion and $215 billion in assets, respectively.
The integration will be led by Eric Adler, President and CEO of PGIM Real Estate, a division of PGIM that handled the transaction. The acquisition is expected to close in the third quarter of 2021, subject to customary regulatory approvals.
MCP focuses its investment strategy on small and mid-cap secondary transactions, providing a valuable addition to PGIM's existing alternatives offering. The acquisition fits into PGIM's broader strategy of using a multi-manager model to deliver specialized investment teams focused on different asset classes under a unified distribution and operational infrastructure.
MCP's investors include sovereign wealth funds, pension funds, insurance companies, banks, family offices, and high net worth individuals. The acquisition brings together PGIM's extensive expertise in alternatives with MCP’s deep experience in the private equity secondary market, creating a strong partnership that promises to deliver value to investors.
[1] Source: PGIM Press Release, [date] [2] Source: Montana Capital Partners Press Release, [date]
PGIM's acquisition of MCP will bring a new layer of expertise in private equity secondaries to PGIM's existing alternatives finance portfolio. As MCP predominantly invests in small and mid-cap secondary transactions, this partnership with PGIM is expected to offer other opportunities for the combined entity in the private equity secondary market.
