The fifth fund is larger than its predecessor, which closed at $2.6bn in 2017

US-headquartered consultancy Mercer has closed its fifth private markets fund with $2.7bn in total commitments, it said in a statement.

Mercer Private Investment Partners V was larger than its predecessor, which closed in 2017 at $2.6bn.

Mercer closes latest private markets fund at $2.7bn

Elisângela Mendonça

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The hedge-fund founder is asking triple what he paid for the Bali-inspired Manalapan estate in 2017.

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The announcement comes as USS Investment Management said it won’t bid for the property firm.

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The U.S. private-equity firm said t decided not to begin a tender offer for the Japanese software company after consulting with Fuji Soft founder Hiroshi Nozawa.

Successful firms are increasingly split between behemoths with several business lines and those focusing on their roots of buying companies.

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The Chinese technology giant has begun tests to integrate homegrown startup DeepSeek’s AI model into its Weixin messaging app.

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Tencent Shares Hit More Than Three-Year High as App Launches DeepSeek Testing

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Financial News

British Billionaire Chris Rokos Wants $150 Million for His Florida Mansion

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Tencent Shares Rise as App Launches DeepSeek Testing