Montana Capital Partners

Name

Montana Capital Partners

Legal name

Montana Capital Partners AG

Website

https://montana-capital-partners.eu

Company type

Private

Founded year

2011

Operating status

Operating

Headcount range

11–50 employees

Ownership category

akta.pro rank

Product category

Private Equity Secondary Fund Management

NAICS

Portfolio Management and Investment Advice (52394), Investment Banking and Securities Intermediation (523150), Other Financial Investment Activities (5239), All Other Financial Investment Activities (52399), Portfolio Management and Investment Advice (523940)

SIC

Security Brokers, Dealers & Flotation Companies (6211), Investment Advice (6282)

akta.pro primary industry

Secondaries Co-Investments & Annex Funds (FSANAFAF)

akta.pro secondary industries

LP Secondaries — Private Credit / Direct Lending Funds (FSAHALAD), LP Secondaries — Infrastructure Funds (FSAHALAF), Capital Raising Advisory (Equity & Equity-Linked) (FSAEAGAC), Private Credit & Direct Lending Fundraising Placement (FSAEALAE)

Keywords

• Private equity secondaries
• Mid-market buyouts
• Fund management services
• Investment advisory
• Liquidity solutions

Headquarters

HQ city

Baar

HQ country

Switzerland

HQ region

Europe

Offices2 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Marketing or Sales, Technology or R&D, Infrastructure, Others

Revenue model

1. Fund Management: MCP generates revenue through management fees and carried interest from its six private equity secondary funds. The firm manages assets on behalf of institutional investors and earns fees based on assets under management and fund performance.
2. Advisory Services: Non-discretionary advisory services provided to a select client base, generating advisory fees for investment recommendations and portfolio construction advice.

Go-to-market motion1 record

Distribution channels3 records

Marketing channels5 records

Core offering

Montana Capital Partners is a specialist private equity secondary investment firm that manages a series of Opportunity Secondary Programs (OSP I–VI) targeting mid-market LP-led and GP-led secondary transactions in North America and Western Europe. The firm also provides non-discretionary primary advisory services covering primaries, secondaries, and co-investments to an exclusive client base, complemented by a secure investor portal and a newly launched private credit secondaries platform jointly with PGIM. MCP has raised six funds, executed over 140 transactions, and manages over USD 5 billion in assets.

Product overview

Montana Capital Partners operates as a specialist private equity secondary investment firm offering a unified platform of liquidity solutions and advisory services. The core offering centers on the MCP Opportunity Secondary Programs (OSP III through OSP VI) - a series of flagship secondary funds targeting mid-market private equity opportunities in North America and Western Europe. The platform is complemented by non-discretionary Primary Advisory Services providing investment recommendations, and an Investor Portal providing secure document access for fund investors. The product suite is delivered through offices in Switzerland and New York, with over USD 5 billion in assets under management as of 2026.

Differentiator

Problem solved

Functional benefit

Products and services

• MCP Opportunity Secondary Program VI (OSP VI) Flagship private equity secondary fund targeting mid-market relative value opportunities in North America and Western Europe, pursuing both GP-led and LP-led secondary transactions. Marketed to institutional investors including sovereign wealth funds, pension funds, insurance companies, family offices, and foundations.
• MCP Opportunity Secondary Programs (OSP I - V) Series of prior flagship private equity secondary funds raised since 2013, building on prior strategies to pursue LP- and GP-led secondary opportunities in the U.S. and Europe with focus on the lower mid-market. OSP V closed at the EUR 1.3 billion hard cap in January 2021.
• Primary Advisory Services Non-discretionary advisory services tailored to an exclusive client base, providing recommendations for primaries, secondaries, and co-investments with portfolio construction, risk management, and market mapping capabilities. Delivered to institutional clients and family offices.
• Investor Portal Secure investor portal providing access to fund documents for OSP V, OSP IV, and OSP III investors via Apex portal (Jersey) and eFront Investor Cafe (Luxembourg) for OSP VI investors.
• PGIM/MCP Private Credit Secondaries Platform USD 1 billion private credit secondaries platform jointly launched by PGIM and MCP, focusing on direct lending and opportunistic credit strategies across the U.S. and Europe, targeting mid-market transactions and the broader USD 50bn+ private credit secondaries market opportunity.

Quantifiable outcome

• Over US$5 billion deployed across secondary investments to date
• +3 more outcomes

Named customers2 records

Segments4 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature1 record

Partnerships

Four partnerships are on record, tiered core and major.

• Alex Stuart (Managing Director, Head of Private Credit Secondaries)coreOthers · 22 January 2026Led the launch of PGIM and MCP's USD 1bn private credit secondaries platform, focusing on direct lending and opportunistic credit strategies across U.S. and Europe.
• Maelle Reichenbach (Senior Principal, Private Credit Secondaries)coreOthers · 22 January 2026Senior Principal leading private credit secondaries initiatives as part of the joint PGIM-MCP platform targeting USD 50bn+ market opportunity.
• Prudential Financial, Inc.majorStrategic or Co-development Partner · 3 April 2025MCP acquired a substantial private equity portfolio from Prudential Financial, Inc. consisting of mid-market inflection buyout assets across multiple funds and co-investments. This landmark transaction was acquired on behalf of OSP VI and select MCP co-investors.
• Ping An Insurance Overseas (Holdings) LimitedmajorStrategic or Co-development Partner · 21 October 2024MCP acts as lead investor in structured secondary transactions with Ping An, including a USD 850m fund vehicle. MCP has anchored two prior transactions with Ping An in 2020 and 2021. The partnership demonstrates MCP's ability to structure complex carve-out transactions.

Scale indicators8 records

Recent moves11 records

Expansion highlights5 records

Direct peers

• Lexington Partners: One of the largest and most established private equity secondary investors globally. Direct competitor to MCP in both LP-led and GP-led secondaries across mid- and large-cap segments; acquired by Franklin Templeton in 2021. Highly comparable business model and product set.
• Coller Capital: Leading global private equity secondary firm with multi-billion-dollar funds, focusing on LP-led and GP-led secondaries. MCP's Head of New York Office (David Overton) previously worked on Coller's secondary investment team, evidencing direct competitive overlap.
• Newbury Partners: US-headquartered private equity secondary firm specializing in mid-market LP-led transactions. Direct competitor in the same mid-market segment MCP targets; David Overton was previously a Director and Investment Committee member at Newbury before joining MCP.
• Pomona Capital: Established private equity secondary firm with multi-fund series investing in LP-led secondaries. Direct competitor to MCP in secondary investing; MCP associate Artur Chodor previously worked as Senior Associate at Pomona.

Broad incumbents

• Ardian: Large global private investment house with a significant secondary fund-of-funds and direct secondary practice. Overlaps with MCP on secondary transactions but operates across a much broader alternatives platform including primaries, co-investments, and direct deals.
• HarbourVest Partners: Large global private markets investment manager with secondary, primary, and co-investment offerings. Overlaps with MCP in secondaries but serves a broader investor base across primaries and directs; not mid-market specialist.
• Blackstone (Strategic Partners): World's largest alternative asset manager with Strategic Partners, its dedicated secondary fund of funds business. Competes with MCP for secondary allocations, particularly from large institutional LPs, but as part of a much broader mega-platform.
• Partners Group: Global private markets investment manager with primary, secondary, co-investment, and direct capabilities. Overlaps with MCP on secondaries but at a much larger scale and as part of a broader multi-strategy platform; MCP COO Sara Scaramella previously worked on Partners Group's Private Equity Integrated team.

Others

• Lazard (Private Capital Advisory Group): Global investment bank with a dedicated Private Capital Advisory Group advising on secondary transactions and GP-led deals. Adjacent service to MCP — not a competing secondaries buyer but a transaction advisor; MCP Head of North America Dan Klima joined from Lazard's PCAG.

Emerging players

• Kline Hill Partners: Specialist private equity secondaries firm focused on venture and growth equity secondary transactions. Niche competitor to MCP in secondaries but with a venture-only focus, providing partial overlap in deal sourcing and limited secondary coverage in PE buyouts where MCP is concentrated.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

• LinkedInlinkedin.com/company/montana-capital-partners

Compliance4 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles16 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Montana Capital Partners