US-based wealth data aggregation services provider Private Client Resources (PCR) has bagged a major investment from private equity firm Public Pension Capital (PPC). Financial terms of the transaction were not revealed.
PPC partner Thomas Uger commented: “We are extremely impressed by the PCR management team’s transformation of the company over the past two years.
Go deeper with GlobalData
“Their vision of a data utility capable of powering the global digital wealth infrastructure is compelling and far reaching.”
With the infusion, PCR aims to offer liquidity to shareholders.
The capital will also be used to expand the firm’s geographic presence, develop its product offering and bolster its data sharing architecture.
PCR CEO Bob Miller said: “We are very excited about the relationship we have developed with PPC during the investment process.
How well do you really know your competitors?
Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.
Thank you!
Your download email will arrive shortly
Not ready to buy yet? Download a free sample
We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form
By GlobalData“Our new partners are experienced industry experts focused on working with management to build a valuable business and their investment will enable us to compete on a global scale.”
Additionally, PCR announced a range of new capabilities.
Among these are improvements to its Digital Consent engine that now covers more than 30,000 managers.
Besides, the firm can now host personal and other sensitive data on account holders in their country of domicile.
