Mercer Private Investment Partners VII (PIP VII)

The Mercer Private Investment Partners VII (PIP VII) fund is a fund-of funds focusing on private investments in equity, credit, and real assets, with a total fundraising of nearly $4 billion in limited partner capital commitments. This fund is the seventh vintage in Mercer's PIP series and offers investors flexible access to a wide spectrum of global private markets across various sectors including private equity, private debt, infrastructure, real estate, natural capital, and sustainable opportunities. PIP invests across primaries, co-investments, secondaries, and other specialized offerings to provide a compelling opportunity for investors to align with the best thinking of Mercer's advice and solutions. The fund received significant commitments from new institutional investors, including endowments, foundations, and insurers, with a majority of capital raised 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. Mercer's focus on meeting clients where they are across the governance continuum has enabled it to retain strong commitments from existing clients and attract new capital from expanding client segments.