Mercury Capital Advisors, a New York-based investment advisory firm, has named Nick Savasta as its new CIO and partner.
In the new role, Savasta will advise clients on alternative assets such as direct private equity investments and allocations to fund managers. He will report to the firm’s CEO and managing partner Michael Ricciardi.
“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,” Savasta said.
Savasta most recently served as a managing director and co-head of the strategic investment group at Michael Dell-affiliated MSD Partners.
He previously also served as a senior merchant banker at Allen & Company, and as an investment banker in the corporate finance arm at Morgan Stanley.
“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,” Ricciardi stated.