Mercer closes Private Investment Partners V on $2.7bn

PIP V consists of two sub-funds: a US vehicle for US investors and a Luxembourg vehicle for non-US investors. It is led by Mercer's global alternatives specialist team.

The fund is slightly larger than its predecessor, which raised $2.6bn in 2017.

Mercer has 25 years of private markets experience, employs 170 alternatives professionals across 20 international offices and has $20bn in alternative assets under management.

Mercer was established in early 2015 to integrate Mercer Investments' resources dedicated to private market investing, with a focus on private equity, private debt, infrastructure and real estate.

Investors
The fund's investor base includes corporate pension funds, public pension funds, insurance companies, asset managers, endowments and foundations from Europe, North America, the Asia-Pacific region and Africa.

Investments
PIP V 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.

According to the firm, the fund pursues multiple strategies in a "one-stop" format, allowing flexibility for clients to tailor their investment strategies while benefiting from access to global managers and opportunistic dealflow via secondary and co-investment transactions.

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