Mercury Capital Advisors, the global placement agent that was set up in 2009 by former members of Merrill Lynch Private Equity Funds Group, has opened an office in San Francisco and made a pair of new hires, according to co-managing partner Alan Pardee. Limited partners returned to the fundraising table in 2012, driving another solid year, as general partners saw ongoing shifts in their limited partner bases while solidifying relationships with their most loyal investors.
“Our market is just in a better place than it has been. Most active LPs that have capital – most of the large ones that were in the market before the downturn – are back.”– Alan Pardee
“They’re largely behind the worst of the downturn, plus a year or two after, when they found themselves to be very illiquid. Over the last year or more, we saw the return of the endowment and foundation to the marketplace after a couple-year pause.”– Alan Pardee
“Most active LPs that have capital – most of the large ones that were in the market before the downturn – are back.”– Alan Pardee
Ex-Brookfield agent Paul Tam will lead activities out of San Francisco for the global placement firm, which has also made a new-hire in London.
James Comtois
Mercury Capital Advisors, the global placement agent that was set up in 2009 by former members of Merrill Lynch Private Equity Funds Group, has opened an office in San Francisco and made a pair of new hires, according to co-managing partner Alan Pardee.
In San Francisco, Paul Tam has joined Mercury as a principal and will be working on the distribution side of the business, focused on real estate relationships with limited partners.
Tam has worked in fundraising roles for various firms since 2000. Most recently, he was at Brookfield Asset Management, where he was a senior vice president in charge of client relationships in the Asia-Pacific region, working out of the firm’s Hong Kong office. Prior to joining Brookfield in 2009, Tam was a managing director at Bear Stearns and a partner at Crane Capital Associates, which Bear Stearns acquired in 2007. Prior to joining Crane, he raised capital for Capstone from 2000 to 2003.
In addition, Timothy Lee has joined Mercury’s London office as vice president focused primarily on private equity. Having joined the firm last week, he is responsible for raising capital in France and northern Europe. Lee also will be involved in raising capital for real estate, infrastructure venture capital, distressed, mezzanine and secondary investment managers. In addition, he will have a role in sourcing GPs for Mercury, Pardee said.
Lee joins Mercury from Zouk Capital in London, where he was head of investor relations and business development. Prior to that, he was with Jefferies Fund Placement Group in London from 2008 to 2012 as a placement agent focused on private equity, real estate and infrastructure funds.
Mercury has been steadily adding to its team over the past couple of years. In March 2012, it was announced that the firm had hired three professionals for its New York team. Before that, in October 2011, it was revealed that Mercury had hired seven professionals to work out of its Boston, New York and London offices.
The global placement agent has hired a new principal out of San Francisco (pictured) and a new vice president out of London.
Mercury Capital Advisors, the global placement agent that was set up in 2009 by former members of Merrill Lynch Private Equity Funds Group, has made a pair of additions to its staff. According to managing partner Alan Pardee, the firm has hired a new principal in San Francisco focused on real estate and a new vice president in London focused on private equity.
Paul Tam has joined Mercury as a principal and will be working on the distribution side of the business, focused on real estate relationships with limited partners. He joined the firm earlier this month and works out of its new San Francisco office, which was opened specifically for him.
Tam has worked in fundraising roles for various firms since 2000. Most recently, he was at Brookfield Asset Management, where he was a senior vice president in charge of client relationships in the Asia-Pacific region, working out of the firm’s Hong Kong office. Prior to joining Brookfield in 2009, Tam was a managing director at Bear Stearns and a partner at Crane Capital Associates, which Bear Stearns acquired in 2007. Prior to joining Crane, he raised capital for Capstone from 2000 to 2003.
In addition, Timothy Lee has joined Mercury’s London office as vice president. Having joined the firm last week, he is responsible for raising capital in France and northern Europe. Although his focus will be on private equity funds, Lee also will be involved in raising capital for real estate, infrastructure venture capital, distressed, mezzanine and secondary investment managers. In addition, he will have a role in sourcing GPs for Mercury.
Lee joins Mercury from Zouk Capital in London, where he was head of investor relations and business development. Prior to that, he was with Jefferies Fund Placement Group in London from 2008 to 2012 as a placement agent focused on private equity, real estate and infrastructure funds.
Mercury has been steadily adding to its team over the past couple of years. In March 2012, it was announced that the firm had hired three professionals for its New York team. Before that, in October 2011, it was revealed that Mercury had hired seven professionals to work out of its Boston, New York and London offices.
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