Marsh Completes Acquisition of AltamarCAM
Key Highlights
- ➤Marsh (MRSH) completes acquisition of AltamarCAM; terms were not disclosed
- ➤Marsh private markets AUM grows to US $75 billion after acquisition
- ➤AltamarCAM’s 280 employees join Marsh across seven international offices
- ➤José Luis Molina becomes head of Marsh’s international private markets platform
- ➤Madrid becomes a hub for Marsh’s new international private markets investment platform
Expert Statements
Garvan McCarthy, Global Alternatives Chief Investment Officer of Marsh Investments and Retirement
“Marsh’s latest Global Asset Barometer found most large asset owners are selectively increasing capital to private markets. Success increasingly depends on disciplined execution and solutions that support more mature private market programs.”
Garvan McCarthy, Global Alternatives Chief Investment Officer of Marsh Investments and Retirement
“By combining AltamarCAM’s capabilities with Marsh’s global platform, we can help clients invest in private markets with confidence, with access to a broad range of opportunities across asset classes, delivered by a specialist team backed by the perspective of a global firm.”
José Luis Molina, Co-Founder and Global CEO of AltamarCAM
“AltamarCAM has always been committed to supporting clients as their private markets needs evolve. Joining Marsh gives our colleagues the opportunity to deliver greater impact to clients across a broader range of solutions and markets. We look forward to building on our strong foundation together.”
Marsh (NYSE: MRSH), a leading global professional services firm, today announced the completion of its previously announced acquisition of AltamarCAM, a specialist private markets asset manager and solutions provider. Terms of the acquisition were not disclosed.
AltamarCAM is a global private markets business serving insurers, family offices, pension funds, foundations, banks and other institutional and wealth clients across Europe and Latin America. The acquisition strengthens Marsh’s private markets capabilities through the addition of AltamarCAM’s comprehensive multi-asset private markets expertise and solutions across secondaries, co-investments, bespoke accounts, and evergreen vehicles.
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