DFX Intelligence

RIA Intelligence

Registered investment advisers, the advisors registered through them, the capital they report, the private vehicles they run and the people who own them, as a graph with a filing date behind every number. RAUM is what the adviser filed, a move is two registration dates, and a class is a rule you can read.

Former SEC-registered adviser

Mercer Alternatives Limited

Former SEC-registered adviserLondon, CRD 110691SEC 801-57418IAPD
Latest filing Mar 27, 2020
First filing on the tape Mar 30, 2012 · 18 filings
RAUM
$5.5B
reported, Item 5.F
Discretionary
18%
of RAUM
Private clients
0.0%
$0 individuals and HNW
Advisors
0
registered through the firm on IAPD
RAUM per advisor
n/a
derived; firm RAUM over IAPD count
Employees
11
6 advisory (5.B.1)
Offices
0
beyond the principal office
Private funds
10
$907M gross assets
History
18 filings and snapshots on the tape
RAUM$5.5B as of Mar 27, 2020
Mar 30, 2012$17B then
HNW client RAUM: no history
State-registered IARs (5.B.3)0 as of Mar 27, 2020
Mar 28, 20130 then
Employees (5.A)11 as of Mar 27, 2020
Mar 28, 201334 then
Private funds10 as of Mar 27, 2020
Mar 30, 20123 then
RAUM -4.5% over the last fiscal year-44% a year over threeIARs 0 to 0
Practice profile
derived from the filing of Mar 27, 2020; every figure names its basis
RAUM per advisor
unknownderivedRAUM over IAPD advisors; not a book size
Clients per advisor
unknownderivedindividual and HNW clients (5.D) over advisors
Average HNW client
unknownderivedHNW RAUM over HNW clients
Average account
$552MderivedRAUM over accounts (5.F.2.f)
Discretionary
18%derivedof RAUM
Institutional
70%derivedpensions, charities, corporations, government, insurance, banks, other advisers
Employees per advisor
unknownderivedItem 5.A over advisors
Advisors per office
unknownderived1 offices incl. principal (1.F.5)
RAUM growth, one year
-4.5%derivedbetween the last two annual amendments
Advisor growth, one year
unknownderivedItem 5.B.3 between annual amendments
Client growth, one year
unknownderived
Compensation
percentage of assets, hourly, fixed fees, performance-basedreportedItem 5.E
Advisory activities
portfolio management for businesses and institutions, portfolio management for pooled vehicles, pension consulting, otherreportedItem 5.G
Ownership
no PE, bank or public-company owner found on Schedule Aderived
Advisor book size
not public; not estimatedreported
Also answered yes on Form ADV
  • buys or sells securities as principal to or from clients (8.A.2)
  • has discretionary authority over which securities are bought or sold (8.C.1)
  • receives research or other products from a broker-dealer, soft dollars (8.E)
  • has custody of client securities (9.A.1.b)
Where the RAUM sits
Form ADV Item 5.D, latest filing
  • State and municipal entities$3.5B63%
  • Corporations and businesses$1.5B27%
  • Pension and profit-sharing plans$292M5.3%
  • Pooled investment vehicles$169M3.1%
  • Charitable organizations$130M2.4%
Individual clients
n/areported
HNW clients
n/areported
Pension plan clients
n/areported
Charitable clients
n/areported
Accounts
10reported
Financial planning clients
n/areported
Wrap fee programs
noreported
Custody of client assets
noreported
Compensation
% of AUM, fixed, hourly, performancereported
Class basis
absent from the latest SEC rosterderived
Advisors registered through the firm
0 on IAPD today, longest tenure first
No representative is registered through this CRD on IAPD.
Advisor movement
Left, latest
none on the tape
    Joined, latest
    none on the tape
      Private funds
      4 reported on Schedule D 7.B.(1)
      FundTypeGross assetsOwnersFirst reported
      Ccoe / Altius Associates US Private Equity FundPrivate Equity Fund$140M2Mar 30, 2012
      Altius Associates Private Equity Fund IIPrivate Equity Fund$80.3M7Mar 28, 2013
      Altius Associates Private Equity FundPrivate Equity Fund$80.1M21Mar 30, 2012
      Altius Real Assets Fund S.C.A., Sicav-SifPrivate Equity Fund$35.4M2Mar 31, 2014
      Owners and control persons
      Schedule A and B, latest filing
      • Anton Viktor Christopherus Bigger · Managercontrol
        since 12/2018 · owns less than 5%
      • Andrew William Muysken · Actuarycontrol
        since 12/2018 · owns less than 5%
      • Jane Rebecca Stiff · Chief Compliance Officer
        since 03/2020 · owns less than 5%
      Entity owners
      • Pavilion Financial Corporation Holdings Uk Limited · Parent
        direct · owns 75% or more
      • Marsh & Mclennan Companies, Inc · Member
        indirect · owns 75% or more of Marsh LLC · public reporting company
      • Marsh International Holdings II, Inc · Shareholder
        indirect · owns 75% or more of Mmc International Holdings LLC
      • Marsh International Holdings, Inc · Shareholder
        indirect · owns 50% to 75% of Marsh International Holdings II, Inc
      • Marsh LLC · Shareholder
        indirect · owns 75% or more of Marsh USA, Inc
      • Marsh USA, Inc · Shareholder
        indirect · owns 75% or more of Marsh International Holdings, Inc
      • Mercer Consulting Group, Inc · Shareholder
        indirect · owns 75% or more of Mercer LLC
      • Mercer Holdings, Inc. · Shareholder
        indirect · owns 25% to 50% of Marsh International Holdings II, Inc
      • Mmc International Holdings LLC · Member
        indirect · owns 75% or more of Pavilion Financial Corporation Holdings Uk Limited
      • Mercer LLC · Member
        indirect · owns 75% or more of Mercer Holdings, Inc. · public reporting company
      Related persons
      Schedule D 7.A
      • Altius Associates Gp Limited
        pooled vehicle sponsorn
      • Altius Associates Special Partner Gp Limited
        pooled vehicle sponsorn
      • Altius Client (Gp) II LLC
        pooled vehicle sponsory
      • Altius Client (Gp) LLC
        pooled vehicle sponsory
      • Altius Client JP Limited
        pooled vehicle sponsorn
      • Altius Real Assets (Gp) LLC
        pooled vehicle sponsory
      • Altius Real Assets Management S.A.R.L
        pooled vehicle sponsorn
      • Hapip Gp 2009, LLC
        pooled vehicle sponsorn
      • Hapip Gp, LLC
        pooled vehicle sponsorn
      • Marsh & Mclennan Agency
        real estaten
      • Mercer (Canada) Limited
        investment advisern
      • Mercer (US) Inc.
        LP sponsorn
      • Mercer Alternatives Ag
        investment advisern
      • Mercer Global Investment Management Limited
        investment advisern
      • Mercer Global Investments Canada Limited
        investment advisern
      • Mercer Global Investments Canada Limited
        investment advisern
      • Mercer Global Investments Europe Limited
        investment advisern
      • Mercer Health & Benefits LLC
        real estaten
      • Mercer Investment Solutions (Singapore) Pte Ltd
        investment advisern
      • Mercer Investments (Australia) Limited
        investment advisern
      • Mercer Investments (Hong Kong) Limited
        investment advisern
      • Mercer Investments (New Zealand) Limited
        investment advisern
      • Mercer Investments Japan Limited
        investment advisern
      • Mercer Investments LLC
        investment adviserbankpooled vehicle sponsorLP sponsornRAUM $226B
      • Mercer Limited
        investment adviserLP sponsorn
      • Mercer Pe General Partners S.A.R.L.
        pooled vehicle sponsorn
      • Mercer Private Markets (Luxembourg) S.A.R.L.
        pooled vehicle sponsorn
      • Scm
        investment adviserpooled vehicle sponsornRAUM $272M
      • Mercer Trust Company
        bankpooled vehicle sponsorn
      • Mma Securities LLC
        broker-dealerinvestment adviserLP sponsorreal estaten
      Advisers that list Mercer Alternatives Limited as a related person
      Offices
      Schedule D 1.F, the 25 largest
      No branch office listed.
      What changed
      consecutive filings, newest first
      • Advisory employees · 5 to 6
        Dec 5, 2019 to Mar 27, 2020
      • Pooled vehicle clients · 3 to 4
        Dec 5, 2019 to Mar 27, 2020
      • Assets in custody · $517M to $516M
        Dec 5, 2019 to Mar 27, 2020
      • Employees · 18 to 11
        Dec 5, 2019 to Mar 27, 2020
      • Private funds · 9 to 10
        Dec 5, 2019 to Mar 27, 2020
      • Discretionary RAUM · $1.2B to $966M
        Dec 5, 2019 to Mar 27, 2020
      • Non-discretionary RAUM · $4.6B to $4.6B
        Dec 5, 2019 to Mar 27, 2020
      • Pension RAUM · $472M to $292M
        Dec 5, 2019 to Mar 27, 2020
      • Pooled vehicle RAUM · $190M to $169M
        Dec 5, 2019 to Mar 27, 2020
      • RAUM · $5.8B to $5.5B
        Dec 5, 2019 to Mar 27, 2020
      • Business name · PAVILION ALTERNATIVES GROUP LIMITED to MERCER ALTERNATIVES LIMITED
        Mar 29, 2019 to Oct 29, 2019
      • Legal name · PAVILION ALTERNATIVES GROUP LIMITED to MERCER ALTERNATIVES LIMITED
        Mar 29, 2019 to Oct 29, 2019
      • Accounts · 13 to 10
        Dec 18, 2018 to Mar 29, 2019
      • Advisory employees · 6 to 5
        Dec 18, 2018 to Mar 29, 2019
      • Pooled vehicle clients · 4 to 3
        Dec 18, 2018 to Mar 29, 2019
      • Assets in custody · $475M to $517M
        Dec 18, 2018 to Mar 29, 2019
      • Discretionary RAUM · $1.4B to $1.2B
        Dec 18, 2018 to Mar 29, 2019
      • Non-discretionary RAUM · $3.0B to $4.6B
        Dec 18, 2018 to Mar 29, 2019
      • Pooled vehicle RAUM · $190M to $190M
        Dec 18, 2018 to Mar 29, 2019
      • RAUM · $4.4B to $5.8B
        Dec 18, 2018 to Mar 29, 2019
      • Accounts · 28 to 13
        Feb 9, 2018 to Mar 29, 2018
      • Advisory employees · 11 to 6
        Feb 9, 2018 to Mar 29, 2018
      • Pooled vehicle clients · unset to 4.0
        Feb 9, 2018 to Mar 29, 2018
      • Assets in custody · $501M to $475M
        Feb 9, 2018 to Mar 29, 2018
      • Private funds · 7 to 9
        Feb 9, 2018 to Mar 29, 2018
      • Discretionary RAUM · $639M to $1.4B
        Feb 9, 2018 to Mar 29, 2018
      • Non-discretionary RAUM · $31B to $3.0B
        Feb 9, 2018 to Mar 29, 2018
      • Pension RAUM · unset to 472000000.0
        Feb 9, 2018 to Mar 29, 2018
      • Pooled vehicle RAUM · unset to 190216270.0
        Feb 9, 2018 to Mar 29, 2018
      • RAUM · $32B to $4.4B
        Feb 9, 2018 to Mar 29, 2018
      • Other offices · unset to 0.0
        Mar 30, 2017 to Feb 9, 2018
      • Advisory employees · 20 to 11
        Sep 9, 2016 to Mar 30, 2017
      • Business name · ALTIUS ASSOCIATES LTD to PAVILION ALTERNATIVES GROUP LIMITED
        Sep 9, 2016 to Mar 30, 2017
      • Assets in custody · $477M to $501M
        Sep 9, 2016 to Mar 30, 2017
      • Employees · 32 to 18
        Sep 9, 2016 to Mar 30, 2017
      • Discretionary RAUM · $28B to $639M
        Sep 9, 2016 to Mar 30, 2017
      • Non-discretionary RAUM · $628M to $31B
        Sep 9, 2016 to Mar 30, 2017
      • RAUM · $28B to $32B
        Sep 9, 2016 to Mar 30, 2017
      • Legal name · ALTIUS ASSOCIATES LTD to PAVILION ALTERNATIVES GROUP LIMITED
        Sep 5, 2016 to Sep 9, 2016
      • Advisory activities · 3 to 4
        Mar 24, 2016 to Aug 31, 2016
      Signals
      5 dated events
      • Mary Jennifer Fenton (Director) no longer on Schedule A of Mercer Alternatives Limited (listed 2019-12-05, absent 2020-03-27)
        Mar 27, 2020 · Control person left · inference
      • Knowlton Donn Iii Cox (President & Managing Director, Cco) no longer on Schedule A of Mercer Alternatives Limited (listed 2019-12-05, absent 2020-03-27)
        Mar 27, 2020 · Control person left · inference
      • Mercer Alternatives Limited reported RAUM $5.8B, up 31% from $4.4B (2018-12-18 to 2019-03-29)
        Mar 29, 2019 · RAUM change · derived
      • James Andrew Kirton (Global Cio) no longer on Schedule A of Mercer Alternatives Limited (listed 2018-12-18, absent 2019-03-29)
        Mar 29, 2019 · Control person left · inference
      • Mercer Alternatives Limited reported RAUM $4.4B, down 86% from $32.0B (2018-02-09 to 2018-03-29)
        Mar 29, 2018 · RAUM change · derived
      Across DFX
      shared identifiers only, never a name match
      Provenance
      Form ADV
      SEC filing data 2011 to 2024 and the monthly roster 2025 onreportedadviserinfo.sec.gov
      Advisors
      IAPD individual compilation feed, dailyreportedadviserinfo.sec.gov
      Class
      Former SEC-registered adviserderiveda rule over Items 5.D and 7.A
      RAUM per advisor
      n/aderivedfirm RAUM over the IAPD count; not a book size
      Loaded
      Sep 14, 2026