Delivering Solutions and Driving Growth
Trusted advisors providing strategic and financial solutions in Mongolia
What We Do
The Gateway to Mongolia
At White Crest Partners, we guide Mongolian businesses through the complexities of cross-border transactions and strategic growth. At the same time, we help international investors identify and unlock opportunities in Mongolia, turning potential into progress. Our goal is to lead our clients to the crest of their industries and markets.
Who We Are
Our Mission
Bridge Mongolian clients with international capital markets and open opportunities in Mongolia for international clients.
Our Team
A Harvard-trained corporate lawyer and a Columbia-educated investment banker—each with experience at leading institutions like Morgan Stanley and Goldman Sachs—came together with a shared mission: to apply world-class expertise to Mongolia’s growth story. We leverage our global deal-making track record and trusted professional network to help clients succeed across borders.
Our Services
We deliver adaptable, client-focused solutions designed to meet your priorities — no matter the complexity
Transaction Support Services
We guide clients through every stage of a transaction — from preparation to close. From strategy and marketing to execution and coordination, we ensure the process is smooth, focused, and effective.
Ongoing Corporate Advisory Services
We work side-by-side with internal teams to unlock the next stage of growth. From strategic planning and capital structuring to compliance and execution, we combine big-picture thinking with hands-on support — helping businesses move with clarity, confidence, and impact.
How We Work
Our Approach
Our unique approach is rooted in a comprehensive understanding of our clients' businesses and the broader capital markets and investor landscape, with each engagement tailored to their specific needs. We take a hands-on, detail-oriented approach, accompanying our clients from in-depth preparation to successful closing. By leveraging our extensive network of investors and partners, we aim to design and execute a competitive and smooth process, through every stage of the transaction.
Our Experience
We have extensive front-line experience, having successfully closed numerous transactions in Mongolia and internationally
Announced Transactions
Engagements
White Crest Partners advised a Mongolian TMT provider on significant investor discussions, working together with all related parties on investor materials, messaging, presentation strategy and evaluation of strategic options.
White Crest Partners advised a leading Mongolian financial institution on compliance matters involving a U.S. regulatory authority, successfully supporting the client in achieving a favorable outcome.
White Crest Partners acted as the exclusive advisor to a bidder in the competitive acquisition of a major renewable energy asset in Mongolia, delivering end-to-end advisory across bidding strategy, valuation, due diligence, and negotiations.
Prior Transaction Experience
We bring extensive prior deal experience having advised on equity (IPO, follow-on, private placement), debt (bond, bank loan, private credit) and and M&A transactions across a variety of sectors and geographies.
Learn more about specific transaction experience here
Let's Work Together
Contact us to discuss how we can work together to achieve your goals
Email us at [email protected] or subscribe below
Our Services
Ongoing Corporate Advisory Services
We bring decades of elite legal and financial experience—from Davis Polk, Goldman Sachs, Harvard Law, and Columbia Business School—to guide our clients through complex, high-stakes challenges.Our corporate advisory services go beyond surface-level advice.We provide:
Investor-Ready Structuring: Expert design of capital structures, equity rounds, and debt instruments that meet the expectations of global institutional investors.
Transaction-Grade Legal Strategy: Precision in governance, disclosure, and compliance shaped by U.S. securities law and international capital markets experience.
C-suite-Level Counsel: Strategic input grounded in real-world execution—from IPO readiness and cross-border M&A to restructuring and regulatory positioning.
Board and Stakeholder Management: Sophisticated support in managing multi-stakeholder environments, including shareholder negotiations, board dynamics, and investor relations.
We don’t just advise—we execute with the judgment and technical skill honed in top-tier boardrooms and deal rooms around the world.
Our Services
Transaction Support
We bring frontline deal experience from global investment banks and top-tier law firms to every transaction—ensuring clients are prepared, positioned, and protected throughout the deal lifecycle.
Our services include:
Institutional-Grade Deal Execution: From term sheets to closing documents, we manage transaction timelines, documentation, and counterparty engagement with the precision of a global law firm and investment bank.
Marketing That Converts: We craft investment materials—teasers, pitch decks, info memos—with the clarity, structure, and substance expected by professional investors and funds.
Investor Targeting & Negotiation: With deep networks and firsthand experience negotiating with global capital providers, we identify aligned investors and navigate complex commercial discussions.
End-to-End Coordination: We quarterback every aspect of the deal—from financial modeling and valuation benchmarking to data room management and due diligence oversight.
Our edge lies in combining legal, financial, and strategic acumen—earned through years of executing billion-dollar cross-border deals—into one integrated advisory offering.
Further Deal Experience
Equity
$539M Financial Institution BSE / NYSE IPO
$468M Autotech Nasqaq IPO
$70M eCommerce platform NYSE IPO
$535M Bio-Pharmaceutical Hong Kong IPO
$1.77B Digital Freight Platform NYSE IPO
$521M Edtech Nasdaq IPO
$409M Traveltech NYSE IPO
$711M Edtech NYSE IPO
$277M eCommerce Nasdaq IPO
Financing
Tender offer, exchange solicitation and $440M Senior Notes issuance of MiningCo
$3B Notes issuance of MiningCo
$200M High Yield Notes issuance of Industrial Equipment producer
$1.15B Convertible Senior Notes of eCommerce platform
$400 bond issuance of property developer
M&A
$1.2B Cross-border eCommerce platform acquisition
Sponsor acquisition of Audiobook producer
Sponsor acquisition of Library content platform
Minority stake sale of EdTech company to Sponsor
Cross-border investment in Asian tech super-app
PIPE investment in eCommerce platform
Investment in FinTech platform
Thank You
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White Crest Partners Advises State Bank on Landmark US$200 Million International Bond Issuance
September 18, 2025
Ulaanbaatar, Mongolia — White Crest Partners (“WCP”) is pleased to announce its role as the exclusive strategic advisor to State Bank on its successful US$200 million bond issuance in the international capital markets. This was a milestone transaction that marked a major achievement for Mongolia’s financial sector.
This issuance represents a strong benchmark for Mongolian commercial banks, underscoring the increasing confidence of global investors in Mongolia’s economic fundamentals and long-term growth trajectory.
Key Highlights of the Transaction
Debut issuance: This is State Bank’s first-ever international bond offering.
Strong global investor demand: The transaction was oversubscribed, attracting high-quality orders from institutional investors across Asia, the European Union, and the United States.
Record pricing achievement:The deal secured the lowest debut issuance yield by a Mongolian retail bank in more than a decade.
Sustainability commitments: A portion of the proceeds will be dedicated to green financing initiatives, aligning with State Bank’s mission to advance sustainable development in Mongolia.
Macroeconomic impact: The successful issuance will contribute to strengthening Mongolia’s foreign exchange reserves, supporting the country’s broader financial stability.
WCP provided full-spectrum advisory support throughout the transaction, combining international capital markets expertise with deep local insight to guide the issuer through structuring, documentation, investor engagement, and execution.“This landmark transaction highlights the growing sophistication of Mongolia’s banking sector and its ability to tap global markets with confidence. It also paves the way for Mongolian state-owned entities to tap into international capital markets.” said White Crest Partners.
About White Crest Partners
White Crest Partners is a boutique advisory firm providing integrated financial, and strategic advisory services to companies, investors, and institutions interested in the Mongolian market. The firm specializes in capital raising, structured financing, strategic partnerships, and governance advisory across various sectors.With deep on-the-ground experience in Mongolia and strong connectivity to international investors and institutions, White Crest Partners acts as a bridge between local opportunities and global capital. The firm’s team brings experience from leading international law firms and global financial institutions, combining international best practices with a nuanced understanding of local regulatory, commercial, and political environments.Website: https://www.whitecrestpartners.com/
Email: [email protected]
White Crest Partners Facilitates Landmark US$25 Million Investment into Mongolia’s Fintech Sector
November 10, 2025
Ulaanbaatar, Mongolia – White Crest Partners (“WCP”) is pleased to announce its role as the strategic advisor on the USD 25 million investment into Pocket NBFI LLC ("Pocket NBFI") by Helicap. This milestone underscores the rapid development of Mongolia’s fintech sector and the growing confidence of regional investors.Acting as the strategic advisor on the project, WCP worked closely with Helicap and Pocket NBFI, providing comprehensive market expertise, transaction support, and strategic insights throughout the engagement. This collaboration strengthened stakeholder coordination and contributed to the successful completion of the fundraising.The transaction serves as a strong endorsement of Pocket NBFI’s governance standards, its innovative financial solutions, and its compelling growth trajectory. It also marks an important step toward attracting international capital to Mongolia’s emerging fintech landscape.
Pocket NBFI continues to broaden access to financial services for underserved market segments. The proceeds from the fundraising will support the company’s expansion plans and advance its mission to drive digital financial innovation in Mongolia.This engagement reflects WCP’s commitment to enabling strategic growth for high-potential Mongolian companies and facilitating international investor participation in the country’s dynamic fintech ecosystem.For more details, please refer to the official press release by Pocket NBFI’s parent company, ICFG Limited (LON: ICFG).
About White Crest Partners
White Crest Partners is a boutique advisory firm providing integrated financial, and strategic advisory services to companies, investors, and institutions interested in the Mongolian market. The firm specializes in capital raising, structured financing, strategic partnerships, and governance advisory across various sectors.With deep on-the-ground experience in Mongolia and strong connectivity to international investors and institutions, White Crest Partners acts as a bridge between local opportunities and global capital. The firm’s team brings experience from leading international law firms and global financial institutions, combining international best practices with a nuanced understanding of local regulatory, commercial, and political environments.Website: https://www.whitecrestpartners.com/
Email: [email protected]