Corporate history of Mercuria from the establishment to the present.

2005October Asuka DBJ Partners Co., Ltd. was established in Minato-ku, Tokyo as a joint venture of the Development Bank of Japan (DBJ) and Asuka Asset Management Ltd.
Asuka DBJ Investment Limited Partnership was launched as our No. 1 Fund
2009July Head office location was moved to Chiyoda-ku
2011February Registered as a financial instruments business operator (investment advisory/agency business)
August Established AD Capital (Beijing) Investment Consulting Co., Ltd. (currently Mercuria Investment Consulting (Beijing) Co., Ltd.) in Beijing as a subsidiary
September Established ADC International Ltd. as a fund management firm in the Cayman Islands
2012April Lifenet Insurance Company, an investee of our No. 1 Fund, was listed on Mothers of the Tokyo Stock Exchange
2013January Changed trade name to AD Capital Co., Ltd. on January 1, 2013
Established Spring Asset Management Limited (SAML) in Hong Kong as a REIT operating company having Hong Kong's asset management license
August Launched ADC Fund 2013 (No. 2 Fund)
December Spring REIT, which is managed and invested by our subsidiary Spring Asset Management Limited, was listed on the Hong Kong Exchanges and Clearing
2014September Accepted entrustment of investment management business of the joint fund (En Fund) of DBJ and Charoen Pokphand (CP), one of the largest business conglomerate in Thailand
December Registered as an investment management business operator and a type II financial instruments business operator
2015May Increased capital through third-party allocation to Itochu Corporation
December Increased capital through third-party allocation to Sumitomo Mitsui Trust Bank
2016January Changed trade name to Mercuria Investment Co., Ltd. on January 1, 2016
2016October Listed on Second Section of Tokyo Stock Exchange on October 17, 2016
2017December Listed on First Section of Tokyo Stock Exchange on December 18, 2017