PGIM to acquire Montana Capital Partners

The deal is expected to close in Q3 2021. MCP will continue to be headquartered in Switzerland, and will retain its investment autonomy and independence while operating within PGIM's multi-manager network.

Marco Wulff and Christian Diller, who founded MCP in 2011, will serve as co-CEOs and will continue to manage the firm.

MCP generally focuses on LP stake and GP-led secondaries deals valued at less than EUR 50m, although the closing of its largest ever fund now means that the GP has the flexibility to back larger deals, as reported.

MCP Opportunity Secondary Program V held a final close in December 2020 on EUR 1.3bn, as reported.

The GP closed a venture secondaries deal from its fourth fund in April 2021, acquiring a portfolio of US insurance company Transamerica's venture assets from asset management firm Aegon in one of the final investments from MCP's 2018-vintage fund.

MCP has 25 investment professionals and 10 senior advisers, with EUR 2.7bn in AUM. The firm has made more than 100 deals to date, according to a statement, and has LPs including sovereign wealth funds, pension funds, insurance companies, banks, family offices and high-net-worth individuals.

Lazard Frères & Co provided financial advice to MCP, while Kirkland & Ellis provided legal advice.

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