Marsh Completes Acquisition of AltamarCAM
Marsh Completes Acquisition of AltamarCAM
Marsh (NYSE: MRSH), a leading global professional services firm, today announced the completion of its previously announced acquisition of AltamarCAM, a specialist private markets asset manager and solutions provider. Terms of the acquisition were not disclosed.
AltamarCAM is a global private markets business serving insurers, family offices, pension funds, foundations, banks and other institutional and wealth clients across Europe and Latin America. The acquisition strengthens Marsh’s private markets capabilities through the addition of AltamarCAM’s comprehensive multi-asset private markets expertise and solutions across secondaries, co-investments, bespoke accounts, and evergreen vehicles.
Through the acquisition of AltamarCAM, Marsh’s private markets assets under management grows to US $75 billion.1
“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 will adopt the Marsh brand moving forward, and its leadership will take senior positions in Marsh’s new international private markets platform. José Luis Molina, Co-Founder and Global CEO of AltamarCAM, will serve as the Head of the International Private Markets Platform for Marsh’s investments business, responsible for delivering the breadth of the firm’s private markets capabilities to clients, while AltamarCAM Founder and Executive Chairman Claudio Aguirre will become the Chairman of the International Private Markets Platform.
“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.
AltamarCAM’s 280 employees across Madrid, Munich, Barcelona, Cologne, London, New York, and Santiago de Chile join Marsh today. Additionally, Madrid becomes a hub for Marsh’s new international private markets investment platform.
About Marsh
Marsh (NYSE: MRSH) is a global leader in risk, reinsurance and capital, people and investments, and management consulting, advising clients in 130 countries. With annual revenue of $27 billion and more than 95,000 colleagues, Marsh helps build the confidence to thrive through the power of perspective. For more information, visit marsh.com, or follow us on LinkedIn and X.
About AltamarCAM
AltamarCAM Partners is a global, partner-led private markets investment firm and solutions provider, offering efficient access to global alternative investments. The firm serves institutional investors and private wealth clients across private equity, venture capital, real assets and private credit through primary, secondary and co-investment strategies. For more information about AltamarCAM, visit altamarcam.com.
| ___________________________________ |
1 This figure represents the global combined assets managed by Marsh Investments and AltamarCAM as of June 30, 2026. The data is being presented for informational purposes only, and readers should be aware that prior to 4 November 2026, these entities were not affiliated in any way and their investment management activities were distinct. With respect to any commitment-based private funds managed by either Marsh Investments or AltamarCAM, the AUM data includes committed but uncalled capital, which may also be reflected in client assets otherwise managed by Marsh or its affiliates. The AUM data presented herein may differ from AUM figures calculated for regulatory reporting purposes |
Media contact:
Amelia Woltering
+1 212 345 0864
Amelia.woltering@marsh.com
View source version on businesswire.com: https://www.businesswire.com/news/home/20261104456595/en/
The articles, information, and content displayed on this webpage may include materials prepared and provided by third parties. Such third-party content is offered for informational purposes only and is not endorsed, reviewed, or verified by Morningstar.
Morningstar makes no representations or warranties regarding the accuracy, completeness, timeliness, or reliability of any third-party content displayed on this site. The views and opinions expressed in third-party content are those of the respective authors and do not necessarily reflect the views of Morningstar, its affiliates, or employees.
Morningstar is not responsible for any errors, omissions, or delays in this content, nor for any actions taken in reliance thereon. Users are advised to exercise their own judgment and seek independent financial advice before making any decisions based on such content. The third-party providers of this content are not affiliated with Morningstar, and their inclusion on this site does not imply any form of partnership, agency, or endorsement.
Popular
4 Growth Stocks to Buy While They’re Still Undervalued
The 10 Best Companies to Invest in Now
Your Year-End Financial Checklist: 5 Things to Tackle Before 2027
Why Morningstar Thinks Anthropic Is Worth $1.7 Trillion
United States