| 1985 |
Mercury Private Equity is established as a division of Mercury Asset Management. |
| 1987 |
The First Mercury Unquoted Securities Trust (MUST 1) is launched. |
| 1989 |
MUST 2 is launched. |
| 1990 |
Current core management team established and mid-market strategy is developed. |
| 1994 |
Grosvenor Venture Managers is acquired. |
| 1997 |
MUST 3 LP is launched. Sector focus begins. Mercury Asset Management is acquired by Merrill Lynch & Co. |
| 1999 |
Frankfurt office is opened. Portfolio planning processes are established. |
| 2000 |
MPE gains independance from Merrill Lynch to form HgCapital. Independant business plan is implemented (sector focus, portfolio planning, investment in resources). |
| 2001 |
MUST 4 is launched. |
| 2002 |
Sector focus evolves to six dedicated teams that cover 80% of the market. |
| 2004 |
Amsterdam presence is established. |
| 2006 |
HgCapital 5 is launched.
Renewable Power Partners is launched. |
| 2007 |
German office moves premises to Munich. |