PNC Bank, a part of The PNC Financial Services Group Inc., has announced a definitive agreement to acquire Aqueduct Capital Group. This acquisition will enhance PNC's subsidiary, Harris Williams, by expanding its capabilities in capital advisory services for the private equity industry. Aqueduct Capital Group, established in 2003, is known for its expertise in fundraising solutions for private equity, private credit, and real asset managers. The transaction is anticipated to close by mid-summer, subject to customary closing conditions, although the financial terms remain undisclosed.
Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. The PNC Financial Services Group Inc. published the original content used to generate this news brief via PR Newswire (Ref. ID: NE91603) on May 20, 2025, and is solely responsible for the information contained therein.