Montana Capital Partners has closed its second Annual Secondary Program at its 100 million euros ($124.6 million) hard cap. Fund II was oversubscribed in 12 weeks and the GP kicked in a commitment of more than 3 percent. The fund continues Montana’s focus on smaller and more complex deals the firm has directly sourced.
Montana Capital Partners (“mcp”) as investment advisor to the Montana Annual Secondary Programs is pleased to announce the final closing of the second Annual Secondary Program at the hard cap. The fund continues mcp’s successful focus on attractive niches of the secondary market such as smaller and more complex transactions which are directly sourced. The fund experienced significant demand from investors and was again significantly oversubscribed after a short fundraising period of 12 weeks.
The second Annual Secondary Program was closed at its hard cap of EUR 100 million. In addition, the GP commitment was more than three percent, which shows mcp’s strong alignment. The homogeneous investor base includes some of the most reputable and largest family offices in Europe as well as other
sophisticated institutional investors such as UK and Swiss pension funds.
“We are delighted that we could justify the trust given to us by our valued investors and repay this trust by generating very attractive returns for them in our last program. We are honoured that all of the existing investors came into our second fund,” states Marco Wulff, partner and co-founder of mcp. “In addition, we have broadened our investor base by adding four high quality investors from the pension fund and family office world with the aim to build close and long-term relationships with them.“, he adds.
mcp pursues a differentiated investment strategy with a clear focus on the very small end of the secondary market and more complex transactions, which still offer very attractive investment opportunities. “With the success of our fund we were able to demonstrate that our niche of the secondary market is very attractive and offers also new customized solutions for sellers. These comprise the acquisition of single private equity funds, small fund portfolios, fund of funds, direct and co-investments as well as more complex structured transactions. The key remains our extensive sourcing activities which keeps our deal flow of privately sourced transactions at a record high and enables us to identify these transactions and work on solutions together with the seller meeting our risk-return objectives as well as the requirements of the seller.”, says Christian Diller, partner and co-founder of mcp.
The second Annual Secondary Program continues to take a flexible investment approach and offer solutions to sellers that can go beyond a mere sale on the secondary market. Due to their attractiveness, the current program is already significantly invested at closing. In contrast to the larger secondary players, Montana Capital Partners focuses on privately sourced transactions with direct contact to the seller. This relationship opens up the possibility of providing customized solutions for investors to reshape and optimize their portfolios due to regulatory and strategic reasons, risk reduction or cash flow optimization through structured solutions. Consequently, in the last program mcp has worked with a vast array of sellers including banks, insurance companies, pension funds, family offices and private banks from Europe, the US, the Middle East and Asia. Together with its advisory activity on the primary side,
Montana Capital Partners’ strategy provides many synergies for investors as well as GPs.
About Montana Capital Partners AG:
Montana Capital Partners (“mcp”) is a Swiss asset manager focused on attractive niches of the private equity
secondary market. The team provides liquidity solutions for investors, both restructuring and investing, through their
own fund product with an innovative structure and an established investment strategy as well as high quality
investment & risk management services.
For questions and further information, please contact Montana Capital Partners by mail email@example.com or telephone
+41 41 511 79 50 or visit our webpage on www.mcp.eu.