Mercer announced earlier this month that it had raised $2.7 billion for its Mercer Private Investment Partners V, the fifth in a series of funds offering access to private equity, private debt, infrastructure, real estate, real assets and sustainable opportunities.
PIP V attracted global interest from corporate pension funds, public pension funds, insurance companies, asset managers and endowments and foundations across Europe, North America, Asia Pacific and Africa.
Predecessor fund PIP IV closed in 2017 with $2.6 billion in commitments. Mercer’s private markets group began in 2015 and now totals $22 billion . . .