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Marsh McLennan’s Mercer Announces Successful Fundraising for Private Investment Partners (PIP) VII, Closing With Nearly $4 Billion in Commitments

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Mercer, a business of Marsh McLennan, successfully raised over $3.9 billion for Mercer Private Investment Partners VII (PIP VII), attracting new institutional investors and showcasing a strong global client base. The fund offers access to various private market opportunities like private equity, debt, infrastructure, and real assets. Mercer's focus on meeting client needs and navigating market complexities positions them as a leader in the private markets space.
Mercer, una divisione di Marsh McLennan, ha raccolto con successo oltre 3,9 miliardi di dollari per Mercer Private Investment Partners VII (PIP VII), attirando nuovi investitori istituzionali e dimostrando una solida base di clienti globali. Il fondo offre accesso a diverse opportunità di mercato privato come il private equity, il debito, le infrastrutture e i beni reali. L'impegno di Mercer nel soddisfare le esigenze dei clienti e nel gestire la complessità del mercato li posiziona come leader nello spazio dei mercati privati.
Mercer, una empresa de Marsh McLennan, ha recaudado exitosamente más de $3.9 mil millones para Mercer Private Investment Partners VII (PIP VII), atrayendo nuevos inversores institucionales y demostrando una fuerte base de clientes globales. El fondo ofrece acceso a diversas oportunidades en los mercados privados como capital privado, deuda, infraestructura y bienes reales. El enfoque de Mercer en satisfacer las necesidades de los clientes y en navegar las complejidades del mercado les posiciona como líderes en el espacio de mercados privados.
마시 매클레난의 사업부인 머서는 머서 프라이빗 인베스트먼트 파트너스 VII (PIP VII)을 위해 39억 달러 이상을 성공적으로 조성하며 새로운 기관 투자자들을 유치하고 강력한 글로벌 고객 기반을 선보였습니다. 이 펀드는 사모 주식, 부채, 인프라 및 실물 자산과 같은 다양한 사모 시장 기회에 접근할 수 있습니다. 고객의 요구를 충족하고 시장 복잡성을 탐색하는 머서의 초점은 사모 시장 공간에서 리더로서의 위치를 확립합니다.
Mercer, une entreprise de Marsh McLennan, a réussi à lever plus de 3,9 milliards de dollars pour Mercer Private Investment Partners VII (PIP VII), attirant de nouveaux investisseurs institutionnels et démontrant une solide base de clients mondiaux. Le fonds offre un accès à diverses opportunités de marchés privés tels que le capital-investissement, la dette, les infrastructures et les actifs réels. L'accent mis par Mercer sur la satisfaction des besoins des clients et la navigation dans les complexités du marché les positionne comme un leader dans l'espace des marchés privés.
Mercer, ein Geschäftsbereich von Marsh McLennan, hat erfolgreich über 3,9 Milliarden Dollar für Mercer Private Investment Partners VII (PIP VII) aufgebracht, neue institutionelle Investoren angezogen und eine starke globale Kundenbasis präsentiert. Der Fonds bietet Zugang zu verschiedenen privaten Marktchancen wie Private Equity, Schulden, Infrastruktur und Sachwerte. Mercers Fokus auf die Erfüllung von Kundenbedürfnissen und die Bewältigung von Marktkomplexitäten positioniert sie als führend im Bereich der privaten Märkte.
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NEW YORK--(BUSINESS WIRE)-- Mercer, a global leader in redefining the world of work, reshaping retirement and investment outcomes, and a business of Marsh McLennan (NYSE: MMC), announced today the successful fundraising for Mercer Private Investment Partners VII ("PIP VII") with the fund securing limited partner (LP) capital commitments totaling over USD $3.9 billion.i

This is the seventh vintage in Mercer’s PIP series, which is designed to offer investors flexible access to a wide spectrum of global private markets across private equity, private debt, infrastructure, real estate, natural capital and sustainable opportunities. PIP invests across primaries, co-investments, secondaries, and other specialized offerings.

Niall O’Sullivan, Mercer’s Global Solutions Chief Investment Officer, said: “Private investments – equity, credit and real assets – are core to our conversations with our largest and most sophisticated clients with our advice and solutions evolving to reflect market conditions. PIP VII offered our clients a compelling opportunity to invest in private markets aligned with our best thinking.”

Commitments from a diverse group of new institutional investors, including endowments, foundations and insurers constitute a significant amount of the capital raised for PIP VII. In the UK, for example, 80% of the capital raised for PIP VII was from new investors who had not previously committed to prior PIP vintages. The United States was the strongest region for net new LP growth overall – with more new LP capital committed to PIP VII than any other region globally.

Raelan Lambert, Mercer’s Global Alternatives Leader, said: "Mercer's ability to retain strong commitments from existing clients and attract new capital from expanding client segments is a testament to our focus on meeting clients where they are across the governance continuum. Despite the challenging fundraising market over the past two years, we’ve seen strong resilience over most client segments, and as we look forward, appetite for private markets continues to grow across our global client base.”

Ms. Lambert continued, "Our research finds that large asset owners, with an AUM of at least $5 billion, intend to build more exposure to infrastructure, private debt and private equity in 2024 and beyond. The rapid growth of private markets has expanded competition and complexity, making it harder to source and screen the investment universe and ultimately, discern the best managers. Mercer’s PIP solutions make us an ideal partner for institutional investors navigating these complexities by offering direct and diversified access to global and resource-intensive private markets opportunities.ii

Mercer, with over 30 years of private markets experience, employs more than 260 Alternatives professionals across 32 offices globally.iii

To find out more about Mercer’s private market solutions, click here.

About Mercer

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 20,000 colleagues are based in 43 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 more than 85,000 colleagues and annual revenue of $23 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 mercer.com. Follow Mercer on LinkedIn and X.

Click here to read our important notices.

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i PIP VII consists of a US vehicle for US investors and a Luxembourg vehicle for non-US investors. This press release does not constitute an offer to invest in any Mercer private markets investment vehicle. PIP VII closed in Q2 2024.
ii The opinions expressed are subject to change without notice and should not be relied upon as a forecast, recommendation, or investment advice. The material was prepared without regard to specific objectives, financial situation or needs of any investor.
iii As of January 1, 2024.

Media contact:

Cassie Lenski

Mercer

+1 469 841 8999

Cassie.Lenski@Mercer.com

Source: Mercer

FAQ

What is the total amount raised for Mercer Private Investment Partners VII (PIP VII)?

Mercer raised over $3.9 billion for PIP VII.

What types of private market opportunities does PIP VII offer?

PIP VII offers access to private equity, private debt, infrastructure, real estate, natural capital, and sustainable opportunities.

Who is Mercer's Global Solutions Chief Investment Officer?

Niall O’Sullivan is Mercer's Global Solutions Chief Investment Officer.

How many Alternatives professionals does Mercer employ globally?

Mercer employs more than 260 Alternatives professionals across 32 offices globally.

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