Return to search

Just closed: Mercer RE closes on £235m

Atlantic-Pacific Capital Inc. acted as the sole placement agent.

Mercer Real Estate Partners has held a final close on its second flagship fund at £235 million. Launched in March 2010, the fund will seek to capitalise on a broad range of opportunities caused by distortions within the UK property market.

University of Texas Investment Management Company and University of Michigan were two of the US endowments which aided Mercer Real Estate Partners II surpass its £225 million target. UK public pension funds, corporate pension funds and global investment management groups also committed to the investment vehicle.

Atlantic-Pacific Capital Inc. served as the sole placement agent on the fundraise.