Montana Capital Partners announced it has reached a final close for MCP Opportunity Secondary Program VI, or OSP VI, a $1.4 billion private equity secondaries program focused on relative value opportunities in the mid-market. The Switzerland and U.S.-based secondaries manager said the program size matches its most recent predecessor fund and will invest across GP-led and LP-led transactions in North America and Western Europe.
The firm said OSP VI builds on a first close completed in 2024 and attracted substantial re-ups from existing limited partners, including sovereign wealth funds, pension funds, insurance companies, family offices, and foundations across Europe, Asia, the Middle East, and the United States. The raise also included commitments from new institutional investors.
MCP positioned the close as coming amid heightened demand for mid-market private equity secondaries strategies, citing what it described as steady deal flow across both GP-led and LP-led transactions. The firm said it has already deployed more than 50% of the new fund and has syndicated a significant number of transactions to co-investors.
The manager pointed to recent activity including a diversified portfolio acquired through a private transaction alongside a Chinese insurance company, as well as a 2025 transaction with Prudential Financial, Inc. in which MCP acquired a portfolio of mid-market inflection buyout assets for OSP VI and selected co-investors. MCP said the current seed portfolio combines diversified LP-led transactions with high-conviction GP-led opportunities across North America and Western Europe.
MCP said OSP VI is the first fund it has closed since its acquisition by PGIM in 2021. The firm said it now manages more than $5 billion with more than 45 professionals across Switzerland and the United States and has deployed more than $5 billion across secondary investments to date. PGIM, the global investment management business of Prudential Financial, Inc., reported $1.5 trillion in assets under management as of Sept. 30, 2025.
KEY QUOTES
“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.”
Dr. Stephan Wessel, CEO, Montana Capital Partners
“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.”
Dr. Stephan Wessel, CEO, Montana Capital Partners
“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.”
Dr. Stephan Wessel, CEO, Montana Capital Partners
