
Montana pioneered by Capital Dynamics spin-out
Highlighting the trend for increased liquidity in what is meant to be a long-term asset class, two executives from Capital Dynamics have left to launch a firm offering “innovative liquidity solutions”.
Montana Capital Partners has been formed by Dr Marco Wulff and Dr Christian Diller, formerly co-head of secondaries and head of structuring at Capital Dynamics respectively.
The team is further bolstered by Wanching Ang, former CEO of Allianz Private Equity Partners, and Prof Dr Christof Kaserer, an adviser to the German government on private equity regulation, both on Montana's advisory board.
The Montana team aims to provide a customised way of investing, allowing investors to choose between debt tranches with "current returns" (running yield), or equity tranches. Vendors, likely to be driven by regulation impacting banks and insurance companies, can benefit from early liquidity, reduced risk-weighted capital, retained GP relationships, and enhanced returns.
The firm will also offer asset management for firms that are either looking to move away from funds of funds into own-management, and/or firms that are looking for ways to comply with new regulation for risk management.
In addition to co-founders Diller and Wulff, Montana is supported by a six-strong directors board as well as four-strong advisory board.
Latest News
Stonehage Fleming raises USD 130m for largest fund to date, eyes 2024 programme
Multi-family office has seen strong appetite, with investor base growing since 2016 to more than 90 family offices, Meiping Yap told Unquote
Permira to take Ergomed private for GBP 703m
Sponsor deploys Permira VIII to ride new wave of take-privates; Blackstone commits GBP 200m in financing for UK-based CRO
Partners Group to release IMs for Civica sale in mid-September
Sponsor acquired the public software group in July 2017 via the same-year vintage Partners Group Global Value 2017
Change of mind: Sponsors take to de-listing their own assets
EQT and Cinven seen as bellweather for funds to reassess options for listed assets trading underwater