Mercer collects over $4.8bn for new fund

Feb 1, 2022 | News

Mercer, a global leader in redefining the world of work, reshaping retirement and investment outcomes, and unlocking real health and well-being, and a business of Marsh McLennan, announced today that it successfully raised Mercer Private Investment Partners VI, with over $4.8bn in total commitments. The global investor base includes corporate pension funds, public pension funds, insurance companies, and endowments and foundations from Europe, North America, Asia Pacific and Africa.

PIP VI is the sixth vintage in Mercer’s PIP series and is designed to offer investors access to a wide spectrum of asset classes across private markets including private equity, private debt, infrastructure, real estate, and sustainable opportunities, including co-investments, secondaries, and other specialized offerings.

Compared to its predecessor PIP V, which raised $2.7bn USD, PIP VI increased in assets by 78% and offered new solutions including credit dislocation opportunities, as well as Leap, a diversity, equity and inclusion-focused (DE&I) strategy.

The PIP series, which is delivered by Mercer’s global Alternatives specialist team, covers multiple strategies allowing flexibility for clients to tailor their investment strategies whilst also benefiting from scalable access to highly-rated managers and opportunistic deal-flow via secondary and co-investment transactions.

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“In a lower expected return environment, asset owners and fiduciaries are likely to have a much tougher time achieving their financial objectives going forward unless they think differently about private market investments,” said Raelan Lambert, Global Head of Alternatives, Mercer. “Investors are increasingly turning to private markets because they potentially offer enhanced return prospects compared to public markets, as well as diversification opportunities. Alternative investments may also bring new ideas and innovation to portfolios and, in some instances, they can help investors support mission-based issues, such as DE&I and sustainability.”

“PIP is supported by Mercer’s extensive and global research in private markets. Our PIP solution pools client purchasing power to achieve better diversification, providing flexible access to compelling private markets investment opportunities in a cost-effective manner,” Lambert added.

Mercer, with over 30 years of private markets experience, employs more than 240 Alternatives professionals across 25 offices globally and maintains more than $26bn USD in alternatives assets under management, and $164bn USD in alternatives assets under advisement as of June 30, 2021.

Source: Business Wire

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