Why $70bn Mercer sold a stake to Singapore's sovereign wealth fund
- Booth & Company
- Jan 13
- 1 min read
Dropped in the bottom of a press release issued on June 3 of 2024 about $70bn Mercer Advisors’ efforts to create an alternative investing platform was a line saying GIC, a Singaporean sovereign wealth fund, was an investor in the Denver-based RIA goliath.
The subtle news drop garnered virtually zero media attention at the time. But it places Mercer in the class of a select few US wealth managers — including soon-to-be-Abu-Dhabi-backed Corient Private Wealth — which have taken foreign investment.
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