Mercer has closed Mercer Private Investment Partners VII (PIP VII) with the fund, which offers investors flexible access to a wide spectrum of global private markets, attracting limited partner (LP) capital commitments of over $3.9bn.
This is the seventh vintage in Mercer’s PIP series, which covers private equity, private debt, infrastructure, real estate, natural capital and sustainable opportunities. PIP invests across primaries, co-investments, secondaries, and other specialised offerings.
Commitments from a diverse group of new institutional investors, including endowments, foundations and insurers constitute a significant amount of the capital raised for PIP VII. In the UK, 80% of the capital raised for PIP VII was from new investors who had not previously committed to prior PIP vintages.
The United States was the strongest region for net new LP growth overall – with more new LP capital committed to PIP VII than any other region globally.
Ina press statement, Niall O’Sullivan, Mercer’s Global Solutions Chief Investment Officer, said: “Private investments – equity, credit and real assets – are core to our conversations with our largest and most sophisticated clients with our advice and solutions evolving to reflect market conditions. PIP VII offered our clients a compelling opportunity to invest in private markets aligned with our best thinking.”
