Mercury Capital has appointed State Street Corporation to provide fund administration services for the new Mercury Capital Fund twenty2. The AUD1 billion fund, Mercury Capital’s fourth private equity fund since its inception, completed its fund raising and closed on 30 June.
Mercury Capital Fund twenty2 will focus on mid-market private equity transactions in Australia and New Zealand, and anticipates making eight to ten investments over its life cycle. It will target partnership investments alongside private business owners and management teams in companies with enterprise valuations in the range of AUD150 million to AUS500 million.
Read more: Private Equity Wire
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