Mercer To Buy SCM Strategic Capital

(RTTNews) - Mercer, a subsidiary of Marsh & McLennan Cos Inc (MMC), Friday agreed to buy SCM Strategic Capital Management AG, a Swiss-based specialist private markets advisor and delegated solutions provider. The financial terms of the deal were not disclosed.

The acquisition will further strengthen Mercer's capabilities in alternative investments, an area of growing importance in the global institutional marketplace.

The transaction is expected to close in the first quarter of 2015.

At September 2014, Mercer had $108 billion in assets under management, including $13 billion in alternative assets under management.