PCG Asset Management opens European

PCG Asset Management has established a new European office, in order to help it better serve clients in the region. A unit of Pacific Corporate Group, PCG Asset Management provides investment management services on more than $21bn in private equity investment allocations on behalf of institutional investors. The new office is located in Geneva, Switzerland, and will be run by Michael Russell, the firm's managing director for Europe. It follows the recent announcement of a new PCG International division, a separate initiative based in Washington DC, focusing on non-traditional private equity markets, primarily in Asia, Eastern Europe and Latin America. 'Establishing a base in the heart of Europe is a great step for us to continue our firm's European investment activity and also to be close to our European clients,' said Russell. 'PCG has been an active investor in the European private equity market since 1990, generating a return in excess of 30% on over $2bn of committed capital.

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