Mercer, a global leader in redefining the world of work, reshaping retirement and investment outcomes, announced today that it successfully completed raising Mercer Private Investment Partners V (“PIP V”) via its subsidiary Mercer Alternatives AG, with $2.7 billion USD in total commitments. The global investor base includes corporate pension funds, public pension funds, insurance companies, asset managers and endowments and foundations from Europe, North America, Asia Pacific and Africa.
PIP V is the fifth vintage in the 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, other real assets and sustainable opportunities.
The PIP V closing builds on the strong fundraising of its predecessor, PIP IV, which raised $2.6 billion USD and closed in 2017. The PIP series, which is led by Mercer’s global alternatives specialist team, covers multiple strategies in a “one-stop” format 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.
“We are pleased to hit this milestone,” said Bill Muysken, Mercer’s Global Chief Investment Officer for Alternatives. “The success of Mercer’s private market solutions is built on our deep relationships with top-tier managers, as well as our comprehensive due diligence process. The solutions are designed to provide our clients with flexible access to compelling private market investment opportunities in a cost-effective manner.”
“The success of our private markets solutions shows in the long-term positive results for our clients and is, amongst other things, based on our decades of experience in the portfolio management of our investment solutions,” comments Benjamin Baumann, portfolio manager and CIO of Mercer Alternatives AG. “Our broad and longstanding network with industry leaders and niche providers and the rigorous due diligence process followed by our experienced private market investment specialists worldwide gives our clients access to the most attractive investment opportunities.”
Mercer, with 25 years of private markets experience, employs over 170 alternatives professionals across 20 international offices. Currently, they advise on over $200 billion USD in investment solutions in the alternatives space, of which over $20 billion USD are managed via products like PIP and other completely delegated mandates.
Mercer believes in building brighter futures by redefining the world of work, reshaping retirement and investment outcomes, and unlocking real health and well-being. Mercer’s more than 25,000 employees are based in 44 countries and the firm operates in over 130 countries. Mercer is a business of Marsh & McLennan (NYSE: MMC), the world’s leading professional services firm in the areas of risk, strategy and people, with 76,000 colleagues and annual revenue of $17 billion. Through its market-leading businesses including Marsh, Guy Carpenter and Oliver Wyman, Marsh & McLennan helps clients navigate an increasingly dynamic and complex environment. For more information, visit www.mercer.ch