IMPROVED LIQUIDITY BRINGS INVESTORS BACK TO THE TABLE
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