"With 100 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.
"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 created as a fully independent firm, wholly owned by its partners and employees, who together work with a common purpose and culture." 
- HgCapital About, organizational web page, accessed May 10, 2014.