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Manulife Investment Management Closes Third Co-Investment Fund at $1.1B, Surpassing Predecessor by over $300M

1. Manulife IM raised $1.1 billion for a new fund, exceeding expectations. 2. The fund surpasses its predecessor by over $300 million, reflecting strong investor confidence. 3. Private equity strategy focuses on middle market opportunities with seasoned investment teams. 4. Over 200 global sponsor partners support Manulife IM's fundraising efforts. 5. The private equity platform now manages over $28 billion in assets.

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Why Bullish?

The successful fundraise indicates strong investor confidence and business growth potential. Historically, successful fundraising can boost share prices due to increased investment capacity and market trust.

How important is it?

The significance of this fundraise highlights Manulife's robust investment strategy and growth potential, likely impacting share prices favorably. Its effect on market perception strengthens the importance of such developments.

Why Long Term?

The raised capital will enhance investment capabilities, supporting growth over the long term. Previous similar fundraises have led to sustained increases in asset management capabilities and market positioning.

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, /PRNewswire/ - Manulife Investment Management (Manulife IM) has announced the final close of Manulife Co-Investment Partners III, L.P. and related strategic commitments, raising $1.1 billion—well above its $750 million target and exceeding its 2021 predecessor fund by more than $300 million. This milestone reflects the continued successful fundraising of Manulife IM's co-investment strategy, which is built on the firm's long-standing primary funds platform and deep relationships with a global network of over 200 sponsor partners. The strategy is designed to provide institutional investors with direct access to high-quality private equity opportunities in middle market companies, sourced through the firm's general partner relationships and underwritten by a seasoned investment team with a disciplined, selective approach. The fund attracted a diverse global investor base, including public and corporate pensions, insurance companies, asset managers, financial institutions, and family offices. Manulife's General Account also made a capital commitment to the fund, reinforcing its strategic alignment with investors. "We're thrilled with the successful fundraise of our third co-investment vehicle, with a significant increase in commitments from our predecessor fund. We sincerely appreciate the support from both our new and returning investors, whose trust and partnership have been crucial in reaching this significant achievement," said Vipon Ghai, CPA, CMA, CFA, global head of private equity and credit, Manulife IM. "This fundraise is a testament to our consistent strategy, highly experienced team, and the strength of our sponsor network alongside whom we invest. We're excited to continue to offer our investors access to diversified private equity opportunities," said Scott Garfield, senior managing director and head of North American private equity, Manulife IM. Manulife IM's private equity and credit platform now manages over $28 billion in assets1 across primary funds, co-investments, secondaries, and senior and junior credit as part of its broader private markets platform, which also includes infrastructure, real estate, timberland, and agriculture. 1 Assets Under Management ("AUM") includes funded capital and $9.1 billion of unfunded commitments. All assets under management (AUM) are calculated on a fair value basis in U.S. dollars (USD) as of March 31, 2025. Data includes assets managed by Manulife Investment Management and its affiliates on behalf of Manulife's Canadian and U.S. general accounts, as well as certain third-party investors. Investment advisory services to third-party investors and certain affiliated investors are offered by Manulife Investment Management Private Markets (US) LLC (Manulife IM PM (US). About Manulife Wealth & Asset Management  As part of Manulife Financial Corporation, Manulife Wealth & Asset Management provides global investment, financial advice, and retirement plan services to 19 million individuals, institutions, and retirement plan members worldwide. Our mission is to make decisions easier and lives better by empowering people today to invest for a better tomorrow. As a committed partner to our clients and as a responsible steward of investor capital, we offer a heritage of risk management, deep expertise across public and private markets, and comprehensive retirement plan services. We seek to provide better investment and impact outcomes and to help people confidently save and invest for a more secure financial future. Not all offerings are available in all jurisdictions. For additional information, please visit manulifeim.com. Media contact Elizabeth BartlettManulife Investment Management[email protected]  SOURCE Manulife Investment Management WANT YOUR COMPANY'S NEWS FEATURED ON PRNEWSWIRE.COM? 440k+ Newsrooms & Influencers 9k+ Digital Media Outlets 270k+ Journalists Opted In

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