PNC to Buy Private-Equity Agent Aqueduct Capital

Dow Jones

May 21, 2025

By Katherine Hamilton

PNC Financial Services said it has agreed to acquire private-equity placement agent Aqueduct Capital Group.

The Pittsburgh holding company of PNC Bank said Tuesday it expects the deal to close in mid-summer. It didn't disclose details or the price of the acquisition.

Aqueduct was founded in 2003 and focuses on raising capital for private equity, private credit and real asset managers. PNC expects Aqueduct will complement its existing capital advisory capabilities at its subsidiary Harris Williams.

"With minimal overlap in our respective client bases or limited partner relationships, this agreement increases the ability to serve a broader range of clients," Harris Williams Chief Executive John Neuner said.

Write to Katherine Hamilton at katherine.hamilton@wsj.com

(END) Dow Jones Newswires

May 20, 2025 16:39 ET (20:39 GMT)

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It didn't disclose details or the price of the acquisition. \n\n\n  Aqueduct was founded in 2003 and focuses on raising capital for private equity, private credit and real asset managers. PNC expects Aqueduct will complement its existing capital advisory capabilities at its subsidiary Harris Williams. \n\n\n  \"With minimal overlap in our respective client bases or limited partner relationships, this agreement increases the ability to serve a broader range of clients,\" Harris Williams Chief Executive John Neuner said. \n\n\n \n\n\n  Write to Katherine Hamilton at katherine.hamilton@wsj.com \n\n\n \n\n\n  (END) Dow Jones Newswires\n\n\n  May 20, 2025 16:39 ET (20:39 GMT)\n\n\n  Copyright (c) 2025 Dow Jones & Company, Inc.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"1","news_tag":"corporation","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":true,"code":"91000000","status":"200"}}}