US$ unless otherwise stated
BOSTON, Nov. 30, 2021 /PRNewswire/ -- Manulife
Investment Management announced today the final closing of Manulife
Infrastructure Fund II, L.P. ("MIF II" or the "Fund"), a
US$4.65 billion private fund pool
with committed capital from 29 limited partners and Manulife's
general account. MIF II is the firm's second infrastructure fund
which will make equity investments in core and core-plus
infrastructure assets. The Fund benefits from the substantial
experience the Manulife Investment Management team has in investing
in and managing diversified portfolios of infrastructure
investments. Manulife Investment Management's global private market
capabilities – totaling more than US$54
billion - consist of real assets, including infrastructure,
real estate, timberland, and agriculture, and private equity and
credit.1
"We are pleased to announce such a successful fundraise which
well-exceeded our target and the size of our first fund pool," said
Christoph Schumacher, head of real
assets, Manulife Investment Management. "We are grateful to our
investors who see the value of our differentiated investment
strategy and commitment to building lasting partnerships."
Manulife Investment Management raised its first infrastructure
fund in 2018. Both funds are led by Recep Kendircioglu,
co-portfolio manager and head of infrastructure investments, and
John Anderson, co-portfolio manager
and Manulife's global head of corporate finance. Manulife
Investment Management's infrastructure investing strategy seeks to
work with infrastructure operators looking for a knowledgeable and
experienced capital partner.
"We appreciate the long-standing relationships that we have
built with pioneering infrastructure operators who are keeping pace
in an evolving industry and allow us to invest in a broad array of
firms," Mr. Kendircioglu said. "The Fund is backed by a
knowledgeable and experienced team who will focus the majority of
the Fund's investments on infrastructure assets including renewable
energy and storage, digital infrastructure, transportation, and
regulated utilities."
"MIF II is the largest fund that Manulife Investment Management
has raised to date, and it reflects growing recognition of our
private markets capabilities," added Stephen J. Blewitt, global head of private
markets, Manulife Investment Management.
Campbell Lutyens acted as the exclusive financial advisor to the
Fund.
1 As of
09/30/21, private markets assets under management (AUM)
information, on a fair value basis, represent private equity,
private credit, real estate equity, infrastructure, timberland, and
agriculture assets managed by Manulife Investment Management
(Manulife IM) on behalf of external clients and Manulife's general
account.
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About Manulife Investment Management
Manulife
Investment Management is the global brand for the global wealth and
asset management segment of Manulife Financial Corporation. We draw
on more than a century of financial stewardship and the full
resources of our parent company to serve individuals, institutions,
and retirement plan members worldwide. Headquartered in
Toronto, our leading capabilities
in public and private markets are strengthened by an investment
footprint that spans 18 geographies. We complement these
capabilities by providing access to a network of unaffiliated asset
managers from around the world. We're committed to investing
responsibly across our businesses. We develop innovative global
frameworks for sustainable investing, collaboratively engage with
companies in our securities portfolios, and maintain a high
standard of stewardship where we own and operate assets, and we
believe in supporting financial well-being through our workplace
retirement plans. Today, plan sponsors around the world rely on our
retirement plan administration and investment expertise to help
their employees plan for, save for, and live a better
retirement.
As of September 30, 2021, Manulife
Investment Management's assets under management and administration,
including assets managed for Manulife's other segments, totaled CAD
$1.1 trillion (US $835 billion). Not all offerings are available in
all jurisdictions. For additional information, please visit
manulifeim.com.
Media contacts: Asia,
Carl Wong,
Carl_KK_Wong@manulifeam.com; Canada, Cheryl
Holmes, Cheryl_Holmes@manulife.com; United States and Europe, Elizabeth
Bartlett, Elizabeth_Bartlett@manulife.com
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