Manulife Investment Management's Infrastructure Fund III Milestone
Largest fundraise to date for its growing Private Markets Platform
Manulife Investment Management (Manulife IM) recently announced a significant achievement with the final close of Manulife Infrastructure Fund III, L.P. ("MIF III"). This incredible fundraising effort reached US $5.5 billion, which greatly exceeded the fund's original target. This success highlights the firm's strong standing and expertise in the private market investment sphere.
MIF III, the latest addition to Manulife's flagship infrastructure funds, is dedicated to investing in high-quality core-plus infrastructure assets within North America. The impressive amount raised for this fund underscores the firm’s enduring reputation for executing mid-market infrastructure strategies. With two decades of experience, Manulife IM has delivered notable risk-adjusted returns, greatly benefiting its investors.
Anne Valentine Andrews, the global head of private markets at Manulife IM, expressed her excitement about this milestone. "We are pleased to announce this milestone and I congratulate the infrastructure team on another successful fund close and this achievement for our Private Markets platform - as the largest fund that Manulife IM has raised to date," said Andrews. She emphasized the strong momentum across the business, reiterating that infrastructure continues to serve as a vital allocation for investors seeking diversification and long-term stability.
Recep Kendircioglu, the global head of infrastructure at Manulife IM, also conveyed a sense of optimism about the fund. He stated, "We've seen tremendous interest in this strategy since launching our first Infrastructure Fund in 2018, and we are grateful to be oversubscribed in each of our offerings." He added that the strategic holdings from the initial fund offerings inspired investor confidence in MIF III during challenging geopolitical and economic environments.
Investments from MIF III are already underway, with the team making 11 investments thus far, showcasing a robust start for the portfolio. The investment professionals at Manulife IM are committed to identifying unique opportunities that can endure market fluctuations, thereby aiding in the construction of a well-diversified portfolio.
Avyanna De Biswas, head of infrastructure investor relations at Manulife IM, shared insights into the enthusiastic reception for MIF III. "Investor enthusiasm for MIF III underscores the confidence in our North American investment strategy. We appreciate our long-standing investors who have supported us since Fund I and are excited to welcome new investors who align with our disciplined approach and our dedication to delivering noteworthy returns."
To facilitate this fundraising effort, Campbell Lutyens served as the placement agent for Manulife IM, while Ropes & Gray provided legal counsel, and Deloitte contributed as the tax adviser. Manulife IM continues to expand its global private market capabilities, which encompass diverse areas such as infrastructure, real estate, timberland, agriculture, private equity, and credit.
About Manulife Wealth & Asset Management
As a division of Manulife Financial Corporation, Manulife Wealth & Asset Management offers global investment services, financial advice, and retirement plan solutions to millions of individuals, institutions, and retirement plan members worldwide. The mission of Manulife is to simplify financial decisions and enhance the lives of its clients by empowering them to invest wisely for a secure future. As a dedicated partner to its clients and a trusted steward of investor capital, the firm boasts a strong heritage of risk management and profound expertise across both public and private market landscapes. Manulife IM is committed to facilitating better investment results and impact outcomes, ultimately assisting individuals in achieving greater financial confidence. While some offerings may not be available in all jurisdictions, comprehensive details can be found on their website.
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SOURCE Manulife Wealth & Asset Management
Frequently Asked Questions
What is Manulife Infrastructure Fund III?
Manulife Infrastructure Fund III is a private equity fund focused on high-quality, core-plus infrastructure investments in North America.
How much money did Manulife raise with Fund III?
Manulife raised US $5.5 billion for Infrastructure Fund III, surpassing its original fundraising target.
Who is the global head of infrastructure at Manulife IM?
Recep Kendircioglu holds the position of global head of infrastructure at Manulife Investment Management.
What sets Fund III apart from previous funds?
This fund achieved oversubscription for the third time, showcasing strong investor confidence and interest in its strategy.
What types of assets does Manulife IM focus on?
Manulife IM primarily invests in core-plus infrastructure assets, real estate, timberland, agriculture, and other private equity opportunities.
