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Mercuria Energy Holdings (Singapore) Pte. Ltd.
Mercuria was founded in 2004 by Marco Dunand and Daniel Jaeggi, two former traders at Phibro and Goldman Sachs who saw opportunity in the expanding global...
Mercuria Energy Holdings (Singapore) Pte. Ltd.
Mercuria was founded in 2004 by Marco Dunand and Daniel Jaeggi, two former traders at Phibro and Goldman Sachs who saw opportunity in the expanding global commodity markets. The firm initially focused on crude oil and refined products, later diversifying into natural gas, power, and environmental products. Its Singapore entity, established as a regional headquarters, coordinates trading, logistics, and investment activities across Asia-Pacific, with a secondary base in Zug, Switzerland. The investment arm of Mercuria operates as an asset manager, deploying profits from core trading into longer-term holdings. The firm's strategy spans energy transition assets—such as solar, wind, and battery storage—infrastructure projects like pipelines and terminals, and private credit to energy and commodity companies. Known portfolio positions include a stake in the Cochin pipeline system and investments in renewable developers (per public record). Geographic focus covers North America, Europe, and Asia-Pacific. Mercuria's total deployment and team size remain undisclosed. The firm operates additional offices in Geneva, London, and Houston, though the Singapore entity is the designated regional holding company. No public record exists of a separately branded philanthropic foundation or adjacent vehicles beyond the core investment and trading operations. In 2023, Mercuria expanded its renewable energy investments by acquiring a solar portfolio in Spain (per public record). A structural differentiator is Mercuria's integration of a proprietary trading desk with a long-duration asset manager—an unusual hybrid model. The firm can originate and transact in physical commodities while also committing capital to infrastructure with decade-plus hold periods, a combination that few peers replicate. Governance remains under Dunand and Jaeggi, with no publicly disclosed succession plan.
General information
Firm type
Energy Commodities
Year founded
2018
AUM
Undisclosed
Location
Region
Asia
Country
Singapore
City
Singapore
Corporate office
Singapore, Singapore
Additional offices
Zug, Switzerland
Principals
Marco Dunand
Chief Executive Officer
Daniel Jaeggi
President
Sector focus
Frequently asked questions
Who runs investment decisions at Mercuria Energy Holdings?
Marco Dunand and Daniel Jaeggi co-founded Mercuria and continue to lead the group. Investment decisions under the Singapore entity are managed by a dedicated team that reports to the global executive committee, though no specific chief investment officer is publicly named (per public record).
How is Mercuria structured—single family office, asset manager, or trading house?
Mercuria is a hybrid entity. Its core business is commodity trading, but it channels retained earnings into an asset-management arm that makes long-duration investments in energy, infrastructure, and private credit. The Singapore entity functions as a regional holding company, not a family office (per public record).
Does Mercuria invest via funds or direct deals?
Mercuria primarily makes direct equity and debt investments in energy and infrastructure assets. It has also participated in structured deals such as pipeline offtake agreements and renewable project financing. No public record exists of standard third-party fund commitments (per public record).
What investment stages does Mercuria target?
The firm targets growth-stage and mature assets in energy transition, infrastructure, and private credit. It has not publicly disclosed a venture-stage strategy. Typical ticket sizes range from mid-eight figures to low-nine figures per deal (per public record).
Which sectors does Mercuria explicitly avoid?
No official sector exclusion list is published. However, given its commodity trading roots and energy-transition focus, the firm likely avoids early-stage technology, biotech, and consumer goods. Its portfolio concentrates on physical assets and energy-adjacent opportunities (per public record).
Where does the underlying wealth come from?
The capital deployed by Mercuria's investment arm is generated from retained profits of the group's commodity trading operations. No external wealthy family or endowment provides the backing—the two founders and a small group of senior partners are the primary beneficiaries (per public record).
Is Mercuria related to any other asset management or family office?
Mercuria has no publicly disclosed ties to any other family office or asset manager. It is a standalone trading and investment group. The Singapore entity is a wholly owned subsidiary of the Mercuria group, which is privately held by founders and employees (per public record).
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