Bahrain-based alternative investment manager Investcorp has entered into a definitive agreement to acquire Mercury Capital Advisors, a US-based investment advisory firm.
No financial details were disclosed but the agreement continues Investcorp’s aggressive expansion plan and its ambition to reach $50 billion in assets under management.
“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 Investcorp executive chairman Mohammed Alardhi.
“Mercury is well positioned to deliver unique solutions to clients across the globe through its traditional placement capabilities,” he added.
Mercury currently has more than $170 billion in fund commitments and relationships with more than 2,500 institutional investors internationally.
Other recent Investcorp acquisitions include a minority stake in Swiss private bank Banque Paris Bertrand. Meanwhile Investcorp’s Strategic Capital Group (SCG) has entered into a partnership with Dock Square Capital, a US-based advisory and merchant banking firm founded by former US state governor Jeb Bush.
The SCG subsidiary was founded in 2018 to acquire minority stakes in various mid-sized alternative asset managers.
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