Key Takeaways
- • Mercer, a business of Marsh McLennan, has closed Mercer Private Investment Partners VI (PIP VI) with over $4.8bn in total commitments.
- • PIP VI grew roughly 78% over its predecessor PIP V, which raised $2.7bn.
- • The fund's global investor base includes corporate pensions, public pensions, insurers, and endowments and foundations across Europe, North America, Asia Pacific and Africa.
- • PIP VI spans private equity, private debt, infrastructure, real estate and sustainable opportunities, including co-investments and secondaries.
- • New offerings include a credit dislocation strategy and Leap, a diversity, equity and inclusion-focused strategy.
Summary
Mercer announced that it has successfully raised Mercer Private Investment Partners VI (PIP VI), with over $4.8bn in total commitments. Mercer describes itself as a global leader in redefining the world of work, reshaping retirement and investment outcomes, and unlocking health and well-being, and operates as a business of Marsh McLennan.
The commitments come from a global investor base that 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, which is delivered by the firm's global Alternatives specialist team.
According to the announcement, PIP VI increased in assets by 78% compared with its predecessor, PIP V, which raised $2.7bn. The new vintage is designed to give investors access to a broad range of private market asset classes, including private equity, private debt, infrastructure, real estate, and sustainable opportunities, through co-investments, secondaries and other specialized offerings.
PIP VI also introduces new solutions. These include a credit dislocation opportunities strategy and Leap, a diversity, equity and inclusion (DE&I)-focused strategy. Mercer says the series gives clients flexibility to tailor their investment strategies while providing scalable access to highly rated managers and opportunistic deal flow through secondary and co-investment transactions.
The commitments come from a global investor base that 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, which is delivered by the firm's global Alternatives specialist team.
According to the announcement, PIP VI increased in assets by 78% compared with its predecessor, PIP V, which raised $2.7bn. The new vintage is designed to give investors access to a broad range of private market asset classes, including private equity, private debt, infrastructure, real estate, and sustainable opportunities, through co-investments, secondaries and other specialized offerings.
PIP VI also introduces new solutions. These include a credit dislocation opportunities strategy and Leap, a diversity, equity and inclusion (DE&I)-focused strategy. Mercer says the series gives clients flexibility to tailor their investment strategies while providing scalable access to highly rated managers and opportunistic deal flow through secondary and co-investment transactions.
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