Guernsey firms Carey Olsen and Belasko have acted for investment
firm Mercer Real Estate Partners on the successful launch of its
debut fund Mercer Real Estate Partners II, which 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
The group seeks to proactively 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 Limited which will provide
administration services to the fund.
Advocate Crosland said: "We were delighted to support
Mercer Real Estate Partners on the highly successful launch of
their debut blind-pool fund. The calibre of global investors
attracted to the fund highlights the capabilities and track record
of the Mercer team and we look forward to supporting them in their
Nicola Walker, Managing Director of Belasko Administration
Limited, said: "We have worked with Mercer for three years and
congratulate them on the success of the launch of the fund. Belasko
is pleased to have supported the fundraising - playing an integral
part in the registration process and through to the final close. We
continue to provide fund and fiduciary services to the fund, and
its related vehicles, and wish Mercer every success for this and
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