Marsh & McLennan Cos’ Mercer has raised more than $3.8bn for its latest private investment vehicle – The Mercer Private Investment Partners VIII fund – amid continuing strong institutional appetite for diversified private markets exposure, according to a report by Bloomberg.
The fund, which attracted commitments from a broad base of global investors, including pension funds, insurers, endowments and wealth managers, will allocate capital across private equity, private credit, infrastructure and real estate strategies, reflecting a multi-asset approach designed to navigate a more volatile macroeconomic backdrop.
Mercer said the fund aims to capitalise on market dislocation opportunities arising from recent technology-driven selloffs, alongside broader geopolitical uncertainty and shifting economic conditions.
Despite heightened caution in global markets, Mercer noted that institutional investors have continued to maintain—and in some cases increase—allocations to private assets.
The firm also highlighted a notable shift in investor preference, with growing interest in secondaries and co-investments compared with traditional primary fund commitments and corporate lending strategies.
According to Mercer, this evolution reflects the increasing importance of sourcing access and execution capabilities in a more competitive and complex deal environment.
The latest fund follows Mercer’s previous Private Investment Partners VII vehicle, which raised more than $3.9bn in 2024, underscoring continued momentum across its multi-manager private markets platform.
