HgCapital began life as Mercury Private Equity, the private equity arm of Mercury Asset Management plc, a long-established UK-based asset management firm. Mercury Asset Management was acquired by Merrill Lynch in 1997. In December 2000, the executives of Mercury Private Equity negotiated independence from Merrill Lynch, and HgCapital was established as a fully independent partnership wholly owned by its Partners and employees, who together work with a common purpose and culture.
Over the last sixteen years we have progressively invested in our partnership to establish a robust and properly aligned private equity investment platform. With close to 120 employees in two investment offices in the UK and Germany, HgCapital has assets under management of £5.1 billion, serving over 100 highly regarded institutional investors, including private and public pension funds, endowments, insurance companies and fund of funds.
Today investment teams manage three investment funds, HgCapital 7, our latest mid-market buyout fund, RPP2 our renewable energy infrastructure fund and HgCapital Mercury, our TMT-focused small buyout fund.
We feel that our long-standing investment in establishing and maintaining deep sector expertise across TMT, Services, Industrials and Renewables is a key differentiator in the European Private Equity environment.
HgCapital is committed to being a responsible investor and, as such, is a signatory of the UN Principles for Responsible Investment.