February 1, 2022
- Michael Sabin, Kristof Meynaerts, Michael Seaton, Paul Koppel, Daniel Rayner, Andrew Nelson, Rebecca Pereira (She/Her), Peter Audesirk
- New York, Luxembourg
Clifford Chance advises Mercer on US$4.8 billion fundraising
New York, Luxembourg; Clifford Chance has advised global alternative investment manager Mercer on the successful fundraise of Mercer Private Investment Partners VI (PIP VI), with more than US$4.8 billion in total commitments.
A trans-Atlantic team led by partners Michael Sabin (New York) and Kristof Meynaerts (Luxembourg) advised Mercer on the formation, fundraise and final close of the fund-of-funds, as well as on its acquisitions of interests in more than 100 investment funds, including primary investments, secondary investments and co-investments.
Mercer holds more than 30 years of private markets experience and maintains more than US$26 billion in alternatives assets under management. The PIP series, delivered by Mercer’s global Alternatives team, covers multiple private markets strategies including private equity, private debt, infrastructure, real estate, and sustainable opportunities, including co-investments, secondaries, and other specialized offerings. The fund's global investor base includes corporate pension funds, public pension funds, insurance companies, and endowments and foundations from Europe, North America, Asia Pacific and Africa.
Michael Sabin said, "We are delighted to support long-term client Mercer on this successful fundraising – one of significant scale – continuing our team's track record advising on landmark fund formation mandates in the United States and across the globe."
Sabin and Meynaerts were supported by Zealie Ainsworth and Daniel Rayner (NY Funds); Peter Audesirk and William Coppens (LUX Funds); Andrew Nelson (NY Regulatory); Michael Seaton and Rebecca Pereira (Tax); and Paul Koppel (ERISA).