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Private Client Resources (PCR) secures ‘major’ private equity investment


Private Client Resources (PCR) has secured a ‘major’ investment from private equity firm Public Pension Capital (PPC) alongside company management. 

PCR’s total-wealth aggregation utility specialises in delivering data covering 100 per cent of ultra-high net worth portfolios – including the hardest-to-aggregate illiquid and statement-based assets.
PPC’s investment will fund business growth and provide liquidity to shareholders, allowing PCR to invest in expanding sales, marketing, product development, its geographic footprint and investment in the company’s ground-breaking data sharing architecture.
“Two years ago, we set out to transform PCR from a respected provider of family-office reporting solutions into a broader data-sharing utility for the world’s wealthiest families and their advisors,” says PCR CEO Bob Miller. “We are very excited about the relationship we have developed with PPC during the investment process. Our new partners are experienced, industry aware and focused on working with management to build an important business and their investment will enable us to compete on a global scale.”
PCR is positioned at the intersection of digital-wealth technology and a highly-fragmented ecosystem whose preponderance of manual processes and lack of standards impedes the most efficient and effective management of wealth. To these impediments add the pervasiveness of privacy issues that limit the consistent flow of trusted data into the systems that will define the digital transformation of wealth management.
“These inefficiencies cause hundreds of firms to spend precious resources trying to gather data rather than focus on their core value propositions,” says Miller. “Complex wealth-data aggregation streamed into the fabric of digital wealth is PCR’s core competency, and the industry’s leading platforms are now adopting PCR so they can focus on their reporting, analytic and workflow competencies – not on aggregating data.”
“We are extremely impressed by the PCR management team’s transformation of the company over the past two years,” says PPC Partner Thomas Uger. “Their vision of a data utility capable of powering the global digital-wealth infrastructure is compelling and far reaching. We are excited to partner with management to scale this vision.”    
As part of the announcement, PCR has unveiled new global capabilities including enhancements its Digital Consent engine which expands coverage to over 30,000 managers. Also announced: the ability to host personal and other sensitive information associated with account holders in their country of domicile, such as Switzerland or Singapore, with all actual aggregation processes segregated into a fully tokenised architecture. 
In building a total wealth aggregation utility to safely authorise and aggregate even the hardest-to-aggregate asset classes, Miller noted that PCR has created a solution to address total wealth aggregation for the UHNW segment where 50-70 per cent of investments are in illiquids – many reported as unstructured data.
“Most firms leave the challenge of collecting this information to their clients or other manual processes,” concluded Miller. “PCR, on the other hand, delivers a turnkey utility that ‘leaves no asset behind’ in ensuring a complete and normalised daily stream of critical investment data.”
Marlin Associates advised PCR in the transaction.

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