Mercer Closes Mercer Private Investment Partners VI with over $4.8 Billion USD

Rhea-AI Summary

Mercer, a business of Marsh McLennan (NYSE: MMC), has successfully launched Mercer Private Investment Partners VI (PIP VI) with commitments exceeding $4.8 billion. This fund, significantly larger than its predecessor PIP V, focuses on diverse asset classes in private markets, including private equity and sustainable investments. The global investor base encompasses various institutions across North America, Europe, Asia Pacific, and Africa. Mercer aims to meet changing investor needs in a lower return environment by enhancing access to private market opportunities.

Positive

• Successful launch of Mercer Private Investment Partners VI with commitments exceeding $4.8 billion, a 78% increase from PIP V's $2.7 billion.
• Diverse offerings including private equity, private debt, and sustainable investments cater to evolving investor strategies.
• Global investor base includes prestigious institutional investors, enhancing credibility and reach.
• Mercer's extensive experience in private markets and substantial assets under management ($26 billion) support fund performance.

Negative

• None.

NEW YORK--(BUSINESS WIRE)-- 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 (NYSE: MMC), announced today that it successfully raised Mercer Private Investment Partners VI (“PIP VI”)ⁱ, with over $4.8 billion USD 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 $2.7 billion 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.

“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 $26 billion USD in alternatives assets under managementⁱⁱ, and $164 billion USD in alternatives assets under advisement as of June 30, 2021.

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 approximately 25,000 employees are based in 43 countries and the firm operates in 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 83,000 colleagues and annual revenue of nearly $20 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 Twitter.

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ⁱ PIP VI 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 VI closed in Q4 2021.

ⁱⁱ In providing Outsourced Chief Investment Officer (“OCIO”) services, Mercer typically exercises investment discretion by hiring and overseeing third party asset managers on behalf of client portfolios. Global OCIO alternatives assets data consists of primarily, but not exclusively, discretionary mandates. Private markets assets based on committed capital. Hedge funds and other alternative assets based on Net Asset Value (NAV). Dollar amounts in USD. Due to rounding, totals provided may not precisely reflect the absolute figures.

View source version on businesswire.com: https://www.businesswire.com/news/home/20220131005174/en/

Cassie Lenski

Cassie.lenski@mercer.com

+1 469 841 8999

Source: Mercer

FAQ

What is the total commitment raised by Mercer for Private Investment Partners VI?

Mercer successfully raised over $4.8 billion in total commitments for Private Investment Partners VI.

How does PIP VI compare to its predecessor PIP V in terms of fundraising?

PIP VI raised 78% more than PIP V, which had commitments of $2.7 billion.

What types of investments are included in Mercer Private Investment Partners VI?

PIP VI includes investments across private equity, private debt, infrastructure, real estate, and sustainable opportunities.

Which regions are involved in the investor base for PIP VI?

The investor base for PIP VI includes institutions from North America, Europe, Asia Pacific, and Africa.

What new strategies does PIP VI offer compared to previous funds?

PIP VI introduces credit dislocation opportunities and a diversity, equity, and inclusion-focused strategy called Leap.