Mercer fund exceeds fundraising target
Mercer Real Estate Partners II has held a final close of £235 million ($309 million) of capital commitments, according to an announcement from Atlantic-Pacific Capital, which served as the exclusive global placement agent.
The fund gained commitments from U.S. endowments, U.K. public pension funds, corporate pension funds and global investment management groups. The capital is evenly spread between Europe and the United States.
Mercer Real Estate Partners was founded in 2010 by Brandon Hollihan and Michael Kovacs, who had formerly worked together at Westbrook Partners.
Atlantic-Pacific Capital is a privately owned global placement agency and advisory firm dedicated to raising capital for alternative investments. Since its founding in 1995, the firm has executed more than 80 capital-raising assignments aggregating more than $60 billion for alternative asset managers.
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