– Manulife Investment Management (Manulife IM) announced the final close of Manulife Co-Investment Partners III, L.P., raising $1.1 billion, surpassing its $750 million target.
– The fund exceeded its 2021 predecessor by more than $300 million.
– The successful fundraise highlights strong investor confidence in Manulife IM’s co-investment strategy.
– Strategy is built on Manulife’s primary funds platform and a global network of 200+ sponsor partners.
– Focuses on providing institutional investors with direct access to quality middle-market private equity deals.
– Investments are sourced via general partner relationships and underwritten by a selective, experienced team.
– The fund attracted a diverse global investor base, including:
▪️Public and corporate pensions
▪️Insurance companies
▪️Asset managers
▪️Financial institutions
▪️Family offices
▪️Manulife’s General Account also committed capital, showing strong alignment with investors.
– Vipon Ghai, Global Head of Private Equity and Credit, emphasized investor trust and the growth from the predecessor fund.
– Scott Garfield, Head of North American Private Equity, highlighted the experienced team and sponsor network strength.
– Manulife IM’s private equity and credit platform now manages over $28 billion across:
▪️Primary funds
▪️Co-investments
▪️Secondaries
▪️Senior and junior credit
– The platform is part of a broader private markets strategy that also includes infrastructure, real estate, timberland, and agriculture.
