Marsh McLennan’s Mercer Announces Successful Fundraising for Private Investment Partners (PIP) VII, Closing With Nearly $4 Billion in Commitments
25 Abril 2024 - 8:30AM
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.
______________________________________ 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.
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version on businesswire.com: https://www.businesswire.com/news/home/20240424474830/en/
Media contact: Cassie Lenski Mercer +1 469 841 8999
Cassie.Lenski@Mercer.com
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