Mercury Capital Advisors had a successful year globally, but its Asia achievements were well-regarded in the industry.

The firm helped SSG Capital Management, winner of this year’s Special Situations Firm of the Year Award (see above), reach its final close on its third Asia fund.

Mercury also advised on some funds that were a little less in the spotlight – thereby demonstrating a differentiated approach. Limetree China Car Parks Investment Fund I was a unique first-time fund that Mercury successfully raised, achieving an oversubscribed outcome of $339 million in capital commitments against the original $300 million target.

“The process was much more focused from a positioning and education standpoint, requiring the experience necessary to speak with the relevant senior-level professionals at each LP who would have the ability to sell the fund internally to their respective organisations,” Mercury said of the Limetree fundraise.