<ul><li>PNC Bank plans to acquire Aqueduct Capital Group to enhance primary fund placement capabilities of PNC subsidiary Harris Williams.</li><li>The acquisition is expected to close in midsummer, subject to customary closing conditions.</li><li>The partnership aims to serve a broader range of clients in the private equity industry by tapping into collective relationships and diversifying investor base across various regions.</li><li>This acquisition aligns with PNC Bank's strategy to expand its corporate capabilities, exemplified by previous partnerships and acquisitions in the financial services sector.</li></ul>

PNC to Expand Primary Fund Placement Capabilities With Aqueduct Acquisition

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