– Manulife Investment Management (Manulife IM) announced the final close of Manulife Investment Management Fund III, L.P. (MIF III), raising US $5.5 billion, significantly surpassing its original target.
– MIF III is the firm’s third flagship infrastructure fund, focused on core-plus infrastructure assets across North America.
– The fund’s success highlights Manulife IM’s 20 years of experience in mid-market infrastructure and its ability to deliver strong risk-adjusted returns.
– Anne Valentine Andrews, Global Head of Private Markets, stated that MIF III is the largest fund Manulife IM has ever raised, reflecting strong business momentum and continued investor interest in infrastructure as a core long-term asset class.
– Recep C. Kendircioglu, Global Head of Infrastructure, noted that all three infrastructure funds have been oversubscribed, with investor confidence supported by the performance of Funds I and II despite geopolitical and macroeconomic challenges.
– MIF III’s strategy focuses on differentiated, resilient opportunities designed to withstand market volatility and capture trends in underlying assets.
– The fund has already made 11 investments, with a strong start and a robust pipeline of mid-market opportunities in North America.
– Avyanna De Biswas, Head of Infrastructure Investor Relations, emphasized strong investor enthusiasm, highlighting long-term support from returning investors and the addition of new investors aligned with Manulife IM’s disciplined approach.
– Manulife IM’s global private markets platform spans real assets (infrastructure, real estate, timberland, agriculture) as well as private equity and private credit.
