Mercer to acquire Swiss private investment advisor SCM

Marsh & McLennan subsidiary Mercer has agreed to buy SCM Strategic Capital Management, a Swiss-based investment advisor for institutional investors. No financial terms were disclosed.

The transaction is expected to be completed in the first quarter of 2015.

Headquartered in New York City, Mercer is a human resource and financial services consulting firm.

On the acquisition, Mercer CEO and President Julio A. Portalatin said in a statement, “Mercer’s Investment business has achieved excellent revenue growth and SCM gives us an opportunity to build upon our outstanding global reputation.”

SCM focuses on private equity, real estate and infrastructure investments. Among its offerings are customized advisory solutions and funds-of-funds. Since its founding in 1996, SCM has invested about $11 billion in private market funds.

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