Adviser to $60 Billion of Retail Cash Bets on Private Markets

Mercer Advisors, which manages roughly $60 billion in assets across more than 30,000 families, is pushing deeper into private markets.

The wealth-management and financial-planning company will initially give clients with at least $5 million in investable assets access to two funds-of-funds sourced by Mercer’s private markets team, one focused on growth and another primarily on income.

The new platform, known as Aspen Partners, was built in partnership with Opto Investments, a private markets investment platform catering to fiduciary advisers.

“Given the concentration in the public equity markets, finding new sources of diversification for investors today is absolutely paramount,” said Donald Calcagni, Mercer’s chief investment officer. ...