Mercer announced that it successfully completed raising Mercer Private Investment Partners V (PIP V), with US$ 2.7 billion in total commitments. The global investor base includes corporate pension funds, public pension funds, insurance companies, asset managers and endowments and foundations from Europe, North America, Asia Pacific, and Africa.

PIP V is the fifth vintage in the PIP series and 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.

The PIP V closing builds on the strong fundraising of its predecessor, PIP IV, which raised US$ 2.6 billion USD and closed in 2017.  The PIP series, which is led by Mercer’s global alternatives specialist team, covers multiple strategies in a “one-stop” format allowing flexibility for clients to tailor their investment strategies whilst also benefiting from scalable access to highly-rated managers and opportunistic deal-flow via secondary and co-investment transactions.