- Manulife Investment Management closes third co-investment fund at $1.1 billion, exceeding its $750 million target.
- The new fund surpasses its 2021 predecessor by over $300 million, showcasing investor confidence.
- Manulife's private equity and credit platform now manages over $28 billion in assets, driven by a strong network of sponsor partners.
Manulife Investment Management (MFC, Financial) has announced the successful closing of its third co-investment fund, Manulife Co-Investment Partners III, L.P., raising $1.1 billion. This amount significantly surpasses the initial target of $750 million and exceeds the 2021 predecessor fund by more than $300 million, indicating strong investor confidence in Manulife's investment strategy.
The fund has attracted a diverse range of global investors, including public and corporate pensions, insurance companies, asset managers, financial institutions, and family offices. Additionally, Manulife's General Account also made a capital commitment, reinforcing strategic alignment with investors and showcasing the firm's commitment to its own investment approach.
Manulife IM leverages its extensive network of over 200 sponsor partners to offer institutional investors direct access to middle-market private equity opportunities. As a result, Manulife's private equity and credit platform now manages an impressive $28 billion in assets, including primary funds, co-investments, secondaries, and credit investments. This platform expansion reflects Manulife's growing footprint in the alternative investment space and their ability to tap into varied asset classes such as infrastructure, real estate, timberland, and agriculture.
The fund's strong diversification of investor base and strategic alignment with Manulife's General Account further solidifies the firm’s position within the investment management sector, positively impacting their revenue streams while diversifying beyond traditional insurance business.
