Mercer acquires Pavilion Financial

As part of Mercer, Pavilion's clients will have access to the firm's manager research and investment capabilities, including outsourced chief investment officer and digital delivery capabilities, while retaining access to customised, strategic advice delivered by a specialist consultant, according to a statement.

Jean-Philippe Provost, wealth business leader for Mercer Canada, said in a statement that the acquisition will allow Mercer's retirement and investment offering to grow and become more sophisticated.

The transaction is subject to regulatory and shareholder approvals and is expected to close by the end of 2018.

Pavilion is a global advisory platform that specialises in alternatives, not-for-profit healthcare and retirement benefit consulting. The firm is headquartered in Winnipeg, Canada, has offices across North America, in London and in Singapore, and employs 300 staff. In the US, Pavilion is a specialist in the defined contribution, endowment and foundation, healthcare and insurance sectors, while in Canada it has a strong presence in private wealth management.

The firm launched Pavilion Alternatives Group in June 2016 as a global advisory platform specialising in alternative asset classes, with $60bn in assets and $130bn in committed capital under advisement by combining operations of Altius Associates with LP Capital Advisors. Pavilion Alternatives Group provides investment consulting services across alternative asset classes including private equity, private credit, real assets and hedge funds.

Click here for a full data profile of Pavilion Alternatives Group on Unquote Data, including comprehensive fund investing preferences and history

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• Altius Associates