Mercer has agreed to acquire AltamarCAM, a private markets asset manager and solutions provider with €20 billion in assets under management, which will now become part of Mercer’s private markets business.
The deal will expand Mercer’s private markets platform by adding expertise in secondaries, co-investments, bespoke accounts and evergreen vehicles to provide multi-asset private markets solutions.
AltamarCAM co-founder and executive chairman Claudio Aguirre says the transaction brings complementary capabilities and that senior partners will take leadership roles in the combined business.
AltamarCAM was founded more than 22 years ago and employs over 280 staff serving insurers, family offices, pension funds, foundations, banks and other wealth platforms across Europe and Latin America.
AltamarCAM’s headquarters in Madrid will become a strategic hub within Mercer’s global private markets platform.
Mercer’s Global President for Investments and Retirement Michael Dempsey says: “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.”
