Montana Capital Partners, a Swiss private equity secondaries firm under PGIM Private Alternatives, has acquired a significant private equity portfolio from Prudential Financial Inc (PFI).
The portfolio comprises mid-market buyout assets across various funds and co-investments and was acquired by Montana’s latest secondaries programme and select co-investors, according to a company announcement on Monday.
The assets will continue to be managed by Prudential Select Strategies, a subsidiary of Prudential Financial, overseeing approximately $18 billion in alternative assets for its parent and external investors.
“Following Prudential’s strategic asset allocation targets, this transaction allows us to pursue additional value enhancing investments, while retaining ownership of our general partner relationships,” said Vinti Khanna, managing director, head of alternative assets at Prudential Select Strategies.
“At the same time, this deal supports our efforts in leveraging our investment capabilities as an independent fiduciary manager,” Khanna added.
Montana Capital Partners is an established mid-market global private equity secondaries investment manager.
