Montana Capital Partners announces final close of MCP Opportunity Secondary Program VI (OSP VI)
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private equity secondariesfinancial
A market where existing ownership stakes in privately held companies or positions in private equity funds are bought and sold between investors after the original deal is made, like a resale market for houses rather than new builds. It matters to investors because it provides a way to convert hard-to-sell, long-term holdings into cash, creates a transparent price signal for private assets, and lets investors adjust risk and returns without waiting for a company sale or fund wind-up.
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A gp-led transaction is a deal initiated by the general partner (the manager) of an investment fund to restructure, sell, or extend ownership of assets it controls — for example by moving assets into a new fund or finding new buyers. Think of a manager offering to refinance or move a property to a new ownership group so more time or capital can be applied. Investors care because these deals affect liquidity, timing of returns, fee arrangements and who ultimately owns the assets.
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LP-led describes a private fund transaction or restructuring that is initiated and driven by the limited partners—the outside investors in the fund—rather than by the fund manager. It matters to investors because it signals that the fund’s owners are seeking liquidity, changes to ownership or governance, or a new path for assets; like a group of homeowners deciding to refinance or reorganize their building’s ownership, it can change valuations, fees and who ultimately gets paid and when.
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Sovereign wealth funds are large pools of money managed by a country's government, often built from profits earned from natural resources or other national revenues. They invest these funds in global markets to help secure the country's future financial stability and growth. For investors, these funds can influence markets because they have significant resources and long-term investment strategies.
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A family office is a private wealth-management firm that handles the finances, investments, taxes and estate planning for one wealthy family, acting like a household’s dedicated finance team or personal bank. They matter to investors because family offices can move large amounts of capital quietly and for the long term, become stable buyers or sellers in private deals and markets, and often back companies or funds in ways that affect valuations and access to funding.
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Co-investors are two or more parties who put money into the same investment at the same time, sharing ownership of the asset or company. For investors, knowing who the co-investors are matters because they split risk and influence decisions together — like several people pooling money to buy a house — and their presence can signal confidence, affect negotiation power, governance, and the likelihood of future funding or exits.
secondary marketfinancial
The secondary market is where investors buy and sell financial assets, such as stocks or bonds, after they have been initially issued. It functions like a marketplace where ownership changes hands, allowing investors to cash out or acquire investments more easily. This market provides liquidity, making it easier for people to turn their investments into cash or find new opportunities.
buyout assetsfinancial
Buyout assets are businesses, divisions, or valuable property that are purchased outright in a takeover—often by private equity or other investors—to be improved, restructured, or sold later for a profit. Think of it like buying a house to renovate and resell: the buyer controls the asset and aims to increase its value, so these assets matter to investors because they drive potential returns, carry specific risks, and affect liquidity and portfolio performance.
BAAR-ZUG, Switzerland--(BUSINESS WIRE)--
Montana Capital Partners (“MCP”) today announced the final close of MCP Opportunity Secondary Program VI (“OSP VI”), the sixth fund in MCP’s private equity secondaries series. OSP VI closed with a total programme size of US$1.4billion, in line with OSP VI’s most recent predecessor fund.
“OSP VI builds on over a decade of secondaries experience, allowing us to systematically identify relative value in mid-market private equity investments.” — Dr. Stephan Wessel, CEO, Montana Capital Partners
OSP VI pursues a relative value strategy across GP-led and LP-led transactions in North America and Western Europe, targeting investment opportunities in the private equity mid-market.
Building on a first close in 2024, the programme secured substantial re-ups from long-standing partners — including sovereign wealth funds, pension funds, insurance companies, family offices, and foundations from Europe, Asia, the Middle East, and the US — alongside commitments from new, highly-regarded institutional investors.
“The close of OSP VI comes amid increased demand for mid-market private equity secondary strategies,” said Dr. Stephan Wessel, CEO of MCP. “We continue to observe steady deal flow across GP-led and LP-led opportunities, enabling us to deploy over 50% of our new fund already. Additionally, we have syndicated a significant number of transactions to our co-investors.”
Successfully executed investments include a diversified portfolio acquired through a private transaction in partnership with a leading Chinese insurance company and MCP’s 2025 landmark transaction with Prudential Financial, Inc. (PFI), through which MCP acquired a portfolio of mid-market inflection buyout assets on behalf of OSP VI and select MCP co-investors. The current seed portfolio blends diversified LP-led transactions with high-conviction GP-led opportunities across North America and Western Europe.
“OSP VI builds on over a decade of secondaries experience, allowing us to systematically identify relative value in mid-market private equity investments," Stephan Wessel added. “We have developed a scaled platform that integrates market access across our secondary and primary businesses with PGIM’s global footprint. Combined with our rigorous, data-driven investment process, this positions us well to pursue compelling investment opportunities in the secondary market.”
OSP VI is the first fund closed after the acquisition of MCP by PGIM in 2021. MCP now manages a platform of more than US$5billion1 with a team of more than 45 professionals across Switzerland and the US and has deployed more than US$5billion across secondary investments to date.
ABOUT MCP
Montana Capital Partners AG ("MCP") is a US$5.1 billion1 global private equity secondaries investment manager with a focus on the mid-market.
MCP provides customised liquidity solutions with a focus on proactive sourcing and a balanced portfolio construction across GP-led and LP-led transactions. Across its offices in Baar, Switzerland, and New York, mcp and has invested in more than 140 transactions since its inception.
MCP is part of PGIM, the global investment management business of PFI (NYSE: PRU) with US$1.5 trillion in AUM, benefiting from its combined market positioning and global footprint. For more information visit mcp.eu.
ABOUT PGIM
PGIM, the global asset management business of Prudential Financial, Inc. (NYSE: PRU) is built on a 150-year legacy of strength, stability, and disciplined risk management through more than 30 market cycles. Managing US$1.5 trillion in assets2, PGIM offers clients deep expertise across public and private asset classes, delivering a diverse range of investment strategies and tailored solutions — including fixed income, equities, real estate and alternatives. With 1,400+ investment professionals across 41 offices in 20 countries, we serve retail and institutional clients worldwide. For more information, visit pgim.com.
Prudential Financial, Inc. (PFI) of the United States is not affiliated in any manner with Prudential plc, incorporated in the United Kingdom or with Prudential Assurance Company, a subsidiary of M&G plc, incorporated in the United Kingdom. For more information please visit news.prudential.com.
1 As of 30 Sept. 2025. Together with its affiliates
2 As of 30 Sept. 2025.
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