PGIM has signed a definitive agreement to acquire Montana Capital Partners (MCP), a European private equity secondaries fund manager with €2.7bn in assets under management (AUM).
The transaction, which is expected to close in Q3 2021 and remains subject to receipt of all regulatory approvals, will see MCP join PGIM's multi-manager structure under the oversight of president and chief executive of PGIM Real Estate Eric Adler. PGIM Investments eyes further UK business growth in 2021 after strong year It will maintain investment autonomy and independence post-acquisition, with its team remaining headquartered in Switzerland, and will receive support from PGIM with regards to global distribution, sourcing and operational, compliance and regulatory support. Found...
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