Media ININ Economy We Trust
Media IN Manama May 26, 2019,
Investcorp, a leading global provider and manager of alternative investment products, today announced it has entered into a definitive agreement to acquire Mercury Capital Advisors (Mercury), one of the world’s leading institutional capital raising and investment advisory enterprises. As part of the transaction, Mercury will remain an independent business operating under its current leadership team.
Founded in 2009 by Michael Ricciardi, Alan Pardee and Enrique Cuan, Mercury has closed over $170 billion in fund commitments since 2003, when the Mercury team was at Merrill Lynch, and maintains relationships with over 2,500 institutional investors across the globe. The firm has extensive experience in providing advisory services on direct deals and co-investments, joint ventures and secondary transactions, as well as consulting services for general partners. Today Mercury, its affiliates and distribution partners have over 50 employees in 14 offices across the Americas, Europe, the Middle-East and Asia.
Our partnership with Mercury is completely in line with Investcorp’s long-term strategy and our mission to serve investors worldwide with an array of attractive opportunities in alternative investments,” said Executive Chairman of Investcorp.
This partnership is a powerful endorsement of Mercury’s unrelenting commitment both to excellence and to our clients,” said CEO, Managing Partner and Co-Founder of Mercury.
This investment is the latest milestone in Investcorp’s ambitious growth strategy to reach $50 billionin assets under management over the medium term and follows Investcorp’s acquisition last year of a strategic minority stake in Banque Paris Bertrand, an independent, Swiss-regulated private bank based in Geneva and Luxembourg.
