10:06 AM EDT, 03/19/2026 (MT Newswires) -- Marsh & McLennan's ( MRSH ) unit Mercer said Thursday it has agreed to buy AltamarCAM, a private markets asset manager with 20 billion euros ($22.95 billion) in assets under management.

The deal is expected to close in H2.

After the deal closes, AltamarCAM will be part of Mercer's private markets business, the company said, adding that Madrid, where AltamarCAM is headquartered, will become a strategic hub in Mercer's private markets platform.

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