Mercer Global Advisors, a $60bn private equity-backed RIA, has entered the alternative investment platforms space, revealing the launch of its own private markets platform, Aspen Partners.
Mercer president Daniel Gourvitch told Citywire that prior to Aspen’s launch, Mercer had nearly $3bn deployed in private markets investments on behalf of its clients.
‘Over the past several years, we’ve been really investing pretty heavily in figuring out how do we bring institutional grade private markets, investing capabilities to every qualified family in Mercer’s community,’ Gourvitch said.