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Laxman Pai, Opalesque Asia: Manulife Investment Management (Manulife IM), the asset management arm of Manulife Financial Corporation, closed its third co-investment fund at $1.1 billion, surpassing its original $750 million target and marking a $300 million increase from its predecessor fund that closed in October 2021.
According to a media release from the global wealth and asset management firm, Manulife Co-Investment Partners III draws on the firm's network of more than 200 sponsor partners to provide institutional investors direct access to private equity opportunities in middle-market companies.
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, said the release.
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 par...................... To view our full article Click here
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