Mercer, a business of Marsh and a global leader in investment advisory, workforce strategy, and retirement solutions, has announced an agreement to acquire AltamarCAM, a specialist private markets asset manager and solutions provider with €20 billion in assets under management. Following the completion of the transaction, AltamarCAM will be integrated into Mercer’s expanding private markets platform.
The move will probably greatly improve Mercer’s skills in private markets through bringing new abilities in secondaries, co-investments, custom-made investment solutions, and evergreen fund structures. Mercer will be able to provide more thorough, multi-asset private market solutions that are suitable for the changing needs of global clients.
“As private markets continue to evolve -marked by growing demand and complexity – innovation, specialist expertise, global reach and scale have never been more critical. Our combination with AltamarCAM further strengthens our private markets offerings and our role as a leading, global private markets solutions and advisory firm,” said Michael Dempsey, Mercer’s Global President for Investments and Retirement.
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Claudio Aguirre, AltamarCAM’s Co-Founder and Executive Chairman, said: “This is the ideal match for AltamarCAM. We continually analyze how we can optimise and enhance our service to clients. The complementary capabilities brought together by this transaction will directly benefit our clients and colleagues, and our senior partners will play a key leadership role in the combined private markets business.”
Mercer has spent more than three decades building and scaling its private markets capabilities, fostering strong relationships with general partners and delivering innovative advisory and investment solutions to asset owners. Private markets now represent a significant portion of Mercers $692 billion in global assets under management, which is a major reflection of the firms longstanding dedication to this market segment.
AltamarCAM was founded more than 22 years ago, and has built a strong global presence in private markets that is supported by its 280+ professionals. The firm caters to various types of clients such as insurers, pension funds, family offices foundations banks, and wealth platforms throughout Europe and Latin America, providing them with full support in private market investments – from sourcing to execution to management.
The integration will see Madrid AltamarCAMs headquarters become a crucial strategic hub within Mercers global private markets network. This location will benefit from the combined expertise of both organizations’ leadership teams, along with their investment and operational specialists, further strengthening Mercer’s ability to deliver high-value private market solutions worldwide.
