Guernsey firms support Mercer Real Estate Partners on £235 million real estate fund

Posted: 23/08/2016

Guernsey firms Carey Olsen and Belasko have acted for investment firm Mercer Real Estate Partners on the launch of its debut fund, Mercer Real Estate Partners II. The fund exceeded its initial target by raising £235 million at final closing.

Mercer was established in 2010 to efficiently capitalise on UK property market distortions across a range of investment types. The founders have built a platform with a long-term institutional presence that merges direct, dedicated on-site management with disciplined operational practices and rigorous transaction analysis. 

The group seeks to source, manage and exit ‘below the radar’ opportunities throughout the UK. The firm secured commitments from a diverse group of investors, including US endowments, UK public pension funds, corporate pension funds and global investment management groups for the new fund. 

The Carey Olsen team was led by Partner David Crosland and included Senior Associates Chris Hutley-Hurst and Imogen Payne and Associate Claire Cooke. 

The firm advised on all Guernsey aspects of the fund's establishment, launch, closing and financing alongside Belasko Administration, which will provide administration services to the fund.

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