Mercury Capital Adds Nick Savasta As CIO
Mercury Capital Advisors, the global investment advisory and alternatives platform, today announced the appointment of Nick Savasta as Chief Investment Officer and Partner, overseeing Investment Advisory. He will report to Michael Ricciardi, Chief Executive Officer and Managing Partner, and will lead the firm in advising clients across a range of alternative asset classes including direct private equity investments and allocations to fund managers.
Mr. Savasta joins Mercury from Michael Dell’s MSD Partners, where he was Managing Director and Co-Head of MSD’s Strategic Investments Group. Previously, he was a senior merchant banker with Allen & Company. He also worked as an investment banker with Morgan Stanley in the Corporate Finance Division. Mr. Savasta serves on the Executive Board of the MIT Sloan School of Management and was previously a guest lecturer at Yale University, where he taught the school’s Introduction to Alternative Investments seminar.
Michael Ricciardi, CEO, Managing Partner and Co-Founder of Mercury Capital Advisors, commented: “Nick Savasta is widely respected for his expertise in sourcing, evaluating and structuring direct private equity investments. He also has an impressive track record of identifying fund managers who have a differentiated investment process and approach. We’re excited to have him join our growing team and provide counsel to our clients.”
Nick Savasta, Partner and Chief Investment Officer, said: “With 16 offices around the world and an accomplished team of private equity professionals, Mercury Capital is well-positioned to continue creating significant value for its clients and investors globally. I am delighted to be joining such a talented group, and look forward to supporting the continued growth of the firm.”
In addition to this appointment, recent senior hires include: Reymundo Calcano, as Chief Financial Officer from Brevan Howard in April, and Donal Mastrangelo, as Partner and Head of U.S. iFunds Distribution from Guggenheim Partners last October. Mercury has also increased its on the ground presence in the U.S., with recent office openings in Palm Beach, Florida and Seattle, Washington. In February, the firm expanded into Asia, with the opening of a New Delhi, India office.