montana capital partners (mcp)

montana capital partners was founded in Zug, Switzerland in 2011, building a secondaries and asset-management-solutions business with a particular focus on the European mid-market — smaller, less-picked-over LP portfolios and structured liquidity deals.

PGIM, the roughly $1.5 trillion global investment arm of Prudential Financial, acquired montana capital partners in a deal that closed in the third quarter of 2021, bringing the firm into PGIM's multi-manager alternatives structure.

In 2023, PGIM brought montana capital partners together with its other private-markets capabilities — private credit, real estate equity and debt, private equity, infrastructure, and agriculture — under a unified PGIM Private Alternatives umbrella, giving the secondaries team access to a much larger institutional distribution base.

mcp buys LP stakes and structures the more bespoke end of the market — structured secondaries, preferred equity and other arrangements where a seller wants partial liquidity without a clean exit from the position. It focuses on European mid-market situations, which are typically smaller and more relationship-driven than the headline portfolio sales.

Sellers are often smaller European institutions, family offices and funds-of-funds, and the solution is frequently not a straight sale at all. Understanding that structured alternatives exist matters: a holder who needs cash but does not want to crystallise a discount on the whole position has options between 'hold' and 'sell everything'.

Secondaries desks and franchises that operate inside a larger private-markets manager, usually built by acquiring an independent specialist and folding it into a broader platform.

This site groups buyers into four categories, because the category tells you more about how a firm behaves than its size does. See the rest of theplatform within a diversified managergroup in the directory.