Montana Capital Partners Acquires Substantial Private Equity Portfolio from Prudential Financial

Deal News | Apr 08, 2025 | EIN

Montana Capital Partners Acquires Substantial Private Equity Portfolio from Prudential Financial

Montana Capital Partners, a Switzerland-based mid-market global private equity secondaries investment manager, has acquired a substantial private equity portfolio from Prudential Financial, a US-based financial services giant. This transaction involves mid-market inflection buyout assets across multiple funds and co-investments, bought on behalf of Montana Capital Partners' latest fund, the Opportunities Secondary Program (OSP), and select co-investors. Stephan Wessel, CEO of Montana Capital Partners, noted the unique nature of this data-driven, customized portfolio management solution, highlighting its landmark status in the middle market and its potential as a future model. Prudential Financial's subsidiary, Prudential Select Strategies, will continue managing the portfolio as part of its $18 billion alternative assets management. This sale aligns with Prudential Financial’s strategic asset allocation objectives, allowing further value-enhancing investments while retaining ownership of general partner relationships.

Sectors

  • Wealth Management
  • Private Equity

Geography

  • Switzerland – Montana Capital Partners is based in Switzerland, indicating their geographical business operations.
  • United States – Prudential Financial, the selling company of the private equity portfolio, is based in the US.

Industry

  • Wealth Management – The article pertains to mergers and acquisitions within the wealth management sector, specifically involving private equity portfolios.
  • Private Equity – The deal involves the acquisition of a private equity portfolio, indicating a focus on investment management.

Financials

  • $330 billion – Assets under management by PGIM Private Alternatives, which includes Montana Capital Partners.
  • $1.38 trillion – Assets under management by PGIM, the global investment management business of Prudential Financial.

Participants

NameRoleTypeDescription
Montana Capital PartnersBidding CompanyCompanyA Switzerland-based mid-market global private equity secondaries investment manager and part of PGIM Private Alternatives.
Prudential FinancialSelling CompanyCompanyA US-based financial services company operating through its subsidiary, Prudential Select Strategies, managing alternative assets.
Prudential Select StrategiesOther - Portfolio ManagerCompanyA subsidiary of Prudential Financial managing about $18 billion in alternative assets for PFI and third-party investors.
Stephan WesselPerson - CEOPeopleCEO and managing partner of Montana Capital Partners.
Vinti KhannaPerson - Managing DirectorPeopleManaging director, head of alternative assets at Prudential Select Strategies.