PNC Bank Agrees to Acquire Aqueduct Capital Group
May 20, 2025
PNC Bank entered into a definitive agreement to acquire Aqueduct Capital Group, a placement agent focused on raising capital for private equity, private credit and real asset managers. The deal is intended to complement PNC’s Harris Williams primary fund placement capabilities and expand PNC’s ability to serve global capital needs of the private equity industry.
- Buyers
- PNC Bank, PNC Financial Services Group, Inc. (via PNC)
- Targets
- Aqueduct Capital Group
- Industry
- Financial Services
- Location
- North Carolina, United States
- Transaction Type
- Buyout
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