Global professional services leader Marsh has formally completed its acquisition of AltamarCAM, a private markets asset management and solutions specialist. While the transaction has closed, the financial terms remain undisclosed.
The deal enhances the capabilities of Marsh to offer alternative investments through the expansion of the combined global private market assets under management (AUM) to US $75 billion. Through the integration of AltamarCAM’s multi-asset solutions including secondaries, co-investments, bespoke managed accounts and evergreen structures, Marsh has bolstered its capability to provide alternative investment solutions to institutional allocators and wealth clients.
Faster Exposure to Private Markets for Global Institutional Allocators
AltamarCAM has a proven operational history in Europe and Latin America, providing tailor-made private investment programs in private equity, private debt, venture capital, and real assets.
Through the addition of AltamarCAM’s proprietary structuring expertise to Marsh’s investment platform, the merged entity offers enhanced capabilities in deal origination, execution, and cross-border portfolio monitoring.
Through the integration of AltamarCAM’s unique structuring expertise into the global investment offering by Marsh, the combined entity enables the client greater access to deals, execution prowess and cross-border portfolio visibility.
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Key strategic advantages delivered through the integration include:
Expanded Multi-Asset Strategy Portfolio: Broadens investor access to curated private market vehicles, including specialized secondary market purchases, co-investment syndicates, customized mandates, and perpetual evergreen funds.
Global Distribution with Deep Regional Reach: Combines Marsh’s advisory footprint spanning 130 countries with AltamarCAM’s established relationships across European and Latin American institutional and private wealth segments.
Operational Scale & Diligence Infrastructure: Pairs institutional-grade operational diligence with specialist manager selection, allowing clients to deploy private capital with elevated transparency and governance.
Formation of an International Private Markets Hub: Establishes Madrid as a core operational hub for Marsh’s new international private markets investment platform.
Executive Perspectives & Unfiltered Statements
“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,” said 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,” said Mr. McCarthy.
“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,” said Mr. Molina.
Executive Leadership and Brand Integration
AltamarCAM will transition to the Marsh brand name. Its executive leadership team will assume core leadership roles to guide the firm’s expanded alternatives division:
José Luis Molina, Co-Founder and Global CEO of AltamarCAM, has been appointed Head of the International Private Markets Platform for Marsh’s investments business, overseeing the worldwide delivery of private market solutions.
Claudio Aguirre, Founder and Executive Chairman of AltamarCAM, steps into the role of Chairman of the International Private Markets Platform.
With the closing of the deal, AltamarCAM’s 280 professionals across Madrid, Munich, Barcelona, Cologne, London, New York, and Santiago de Chile formally join Marsh. The expanded team will collaborate across Marsh’s global network to scale international investment solutions and support mature alternative programs.
