Mitsubishi acquires US pension fund consultancy PCG
Japanese trading group Mitsubishi Corp. will take a 70% stake in California-based private equity consultant PCG Asset Management, PCG’s CEO announced. The company will be renamed TorreyCove Capital Partners as part of the deal.
PCG CEO David Fann confirmed that PCG would continue holding the remaining stake, and the transaction will close in a few weeks' time, Pensions & Investments reported. The stake of Christopher Bower, the...
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