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Mercer continues private markets buildout with AltamarCAM acquisition

Reported by Pensions & Investments
Mar 19, 2026· 2 min read
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Key Takeaways
  • • Mercer has agreed to acquire AltamarCAM, a Madrid-based specialist private markets asset manager, as part of its continued private markets buildout, according to Pensions & Investments.
  • • The acquisition extends Mercer's push into private markets, a strategy the consultancy has been pursuing as institutional clients seek alternatives exposure.
  • • The deal positions Mercer to offer private markets investment capabilities directly rather than solely through advisory and manager-selection services.
  • • The primary source article does not disclose the purchase price, closing timeline, or AltamarCAM assets under management.
Summary
Mercer has agreed to acquire AltamarCAM, a Madrid-based specialist private markets asset manager, according to a March 19, 2026 report from Pensions & Investments. The transaction is presented as the latest step in Mercer's ongoing private markets buildout, which signals the consultancy's intent to expand its in-house capabilities in alternative assets.

AltamarCAM is headquartered in Madrid and specializes in private markets strategies. Its addition gives Mercer a European platform in a segment that institutional investors have increasingly sought to access through both consultants and direct managers. For allocators working with Mercer, the deal may affect how private markets mandates are sourced, structured and monitored going forward.

The primary source does not disclose financial terms of the agreement, including purchase price, expected closing date, or AltamarCAM's current assets under management. Readers seeking those details should consult subsequent filings or announcements from Mercer or AltamarCAM.

The article was published alongside other Pensions & Investments coverage on asset management and defined contribution topics, but those items are unrelated to the Mercer transaction.

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Sources

1 outlet

AlphaMaven summarised this story from the reporting below. Each link opens the original article.

Pensions & Investments Mercer continues private markets buildout with AltamarCAM acquisition