State Street has been appointed by Australia-based Mercury Capital as fund administrator for the Mercury Capital Fund twenty2. The AUD1bn (USD690m) fund completed its fund raising and closed on June 30 to launch what is Mercury Capital’s fourth private equity fund since its inception. 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.
Clark Perkins, chief executive of Mercury Capital, said: “It will be reassuring for our investors we have the support of State Street, which has the capability and sophistication to work seamlessly and effectively with our Mercury Capital team as it pursues its pipeline of opportunities.”