Mercury Capital Advisors (“Mercury” or the “Firm”) announced that it has ceased its operations due to the very challenging capital raising environment, with many fundraising cycles spanning over 18 to 36 months. Deal volumes have remained low relative to historical levels, resulting in less capital returning to investors from their prior fund investments and forcing them to limit their capital allocations to newer GP relationships or deals. All of this resulted in a slow revenue generation cycle for placement advisors.
In this context, and in spite of Mercury’s efforts to maintain operations, the Firm came to the conclusion that it will not be in a financial position to do so and made the difficult decision to wind down. Given its financial circumstances, Mercury has filed for insolvency proceedings in certain jurisdictions.
Mercury is honored to have served as one of the industry’s most trusted capital advisory firms and thanks its clients and other partners for their partnership and support.
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