As of September 1, 2021, we are pleased to be part of D.A. Davidson & Co. We will continue serving our clients as part of their full-service Investment Banking Group. Click here to learn more about our combined strengths.
×

Transactions

June 2019
Wilton, CT
has received a majority equity investment from
New York, NY


Background

Private Client Resources, LLC provides wealth aggregation and data management solutions for private banks, advisors, and trust companies. The company offers alternative and illiquid account aggregation services for hedge fund, private equity, real estate, business interests, insurance, personal use assets/liabilities, amongst others.

Founded in 2000 by a consortium of 20 single-family offices to address the consolidation and aggregation issues of their high net worth members, PCR has grown to support 100+ alternative asset management firms which collectively manage assets for about 2,000 of the wealthiest families in North America. As a result of its success, PCR began to receive inbound interest from a number of financial and strategic parties. In the fall of 2018, PCR management contacted M&A to help them evaluate their options.



Overview

The M&A team leveraged its expertise in wealth and capital market technologies to develop materials to effectively communicate the unique strengths of PCR’s aggregation and data solutions, experienced management team, as well as available growth opportunities.

M&A then worked with Management to identify and solicit indications of interest from a select group of strategic industry players, and evaluate multiple competing offers.

Ultimately, Management and PCR’s board concluded that the strongest fit was a sale of the company to Public Pension Capital Management, a middle-market private equity fund focused on enterprise and financial services. From the start, both management teams were excited about the opportunities presented and PPC’s vision to grow the company. 

PPC’s investment will fund business growth and provide liquidity to shareholders, allowing PCR to invest in expanding sales, marketing, product development, its geographic footprint and investment in the company’s ground-breaking data sharing architecture.

M&A Role

Marlin & Associates acted as exclusive strategic and financial advisor to PCR on its sale to PPC. M&A leveraged its deep domain expertise in wealth and capital markets technologies, to run a methodical and disciplined competitive process with multiple high-profile potential partners.

M&A worked with Management to craft materials and identify a targeted list of highly qualified potential partners. The M&A team then managed a competitive process that resulted in indications of interest and meetings with several buyers.

M&A helped Management and the Board to evaluate the competing offers, negotiate terms, manage the due diligence review process, and close the transaction with PPC.

 

Press

Marlin & Associates Client Private Client Resources (PCR) Has Received A Majority Equity Investment From Public Pension Capital Management (PPC)

May 30, 2019

PPC Invests In Private Client Resources

Public Pension Capital LLC has made an investment in Private Client Resources, a provider of client assets for wealth management firms and technology providers. No financial terms were disclosed. Marlin Associates advised PCR in the transaction.

PRESS RELEASE

New York, NY – June 06, 2019 — Private Client Resources (PCR), the aggregator of choice for major wealth-management firms and technology providers, today announced that private equity firm Public Pension Capital LLC (PPC) has made a major investment alongside company management. The investment affirms demand for PCR’s total-wealth aggregation utility, which specializes in delivering data covering 100% of ultra-high net worth portfolios – including the hardest-to-aggregate illiquid and statement-based assets.

PPC’s investment will fund business growth and provide liquidity to shareholders, allowing PCR to invest in expanding sales, marketing, product development, its geographic footprint and investment in the company’s ground-breaking data sharing architecture.

“Two years ago, we set out to transform PCR from a respected provider of family-office reporting solutions into a broader data-sharing utility for the world’s wealthiest families and their advisors,” said PCR CEO Bob Miller. “We are very excited about the relationship we have developed with PPC during the investment process. Our new partners are experienced, industry aware and focused on working with management to build an important business and their investment will enable us to compete on a global scale.”

 

PCR is positioned at the intersection of digital-wealth technology and a highly-fragmented ecosystem whose preponderance of manual processes and lack of standards impedes the most efficient and effective management of wealth. To these impediments add the pervasiveness of privacy issues that limit the consistent flow of trusted data into the systems that will define the digital transformation of wealth management.

“These inefficiencies cause hundreds of firms to spend precious resources trying to gather data rather than focus on their core value propositions,” said Miller. “Complex wealth-data aggregation streamed into the fabric of digital wealth is PCR’s core competency, and the industry’s leading platforms are now adopting PCR so they can focus on their reporting, analytic and workflow competencies – not on aggregating data.”

“We are extremely impressed by the PCR management team’s transformation of the company over the past two years,” said PPC Partner Thomas Uger. “Their vision of a data utility capable of powering the global digital-wealth infrastructure is compelling and far reaching. We are excited to partner with management to scale this vision.”

As part of the announcement, PCR has unveiled new global capabilities including enhancements its Digital Consent engine which expands coverage to over 30,000 managers. Also announced: the ability to host personal and other sensitive information associated with account holders in their country of domicile, such as Switzerland or Singapore, with all actual aggregation processes segregated into a fully tokenized architecture.

 

In building a total wealth aggregation utility to safely authorize and aggregate even the hardest-to-aggregate asset classes, Miller noted that PCR has created a solution to address total wealth aggregation for the UHNW segment where 50-70% of investments are in illiquids – many reported as unstructured data.

“Most firms leave the challenge of collecting this information to their clients or other manual processes,” concluded Miller. “PCR, on the other hand, delivers a turnkey utility that ‘leaves no asset behind’ in ensuring a complete and normalized daily stream of critical investment data.”

Marlin Associates advised PCR in the transaction.

About Private Client Resources (PCR)
PCR provides institutions, advisors, family offices, pensions, foundations, OCIO’s and technology providers an easily implemented data-utility that streamlines how data on hard-to-aggregate client assets are managed. In doing so we are driving wealth management innovation allowing firms to invest in their next great idea – not collecting, normalizing and reconciling data. Our innovative privacy-technology is at the forefront of a new generation of data sharing. PCR aggregates hundreds of billions in assets for industry leading private banks and solution providers.

For more information, visit www.pcrinsight.com

About PPC Enterprises
Public Pension Capital is a New York City-based private equity fund, founded by former senior partners of Kohlberg Kravis Roberts & Co. PPC invests in a select group of industries, including Business and Industrial Services, Financial Services, Healthcare and Specialty Chemicals.

 

For more information, visit https://ppcenterprises.com/

Back to previous page
Back to Top