PGIM strengthens alternatives offering with agreement to acquire Montana Capital Partners
We are very pleased to announce an excellent development at mcp. After a terrific growth story over the last 10 years, mcp will now enter into the next phase. In order to strengthen our market positioning and global footprint we will join forces with PGIM, one of the TOP 10 largest asset managers globally. We are enthusiastic about the opportunity to develop our activities together with them.
We are very excited about this next step in mcp's history and look forward to pursuing our differentiated secondary strategy focusing on complex transactions in the mid-sized secondary market and to continue to generate superior returns. We are all fully motivated and committed to continue driving mcp’s success story as we will maintain investment autonomy and independence, while at the same time benefitting from PGIM’s global distribution, sourcing, operational, compliance and regulatory support.
The full press release can be found below.