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Manulife Investment Management closes infrastructure fund on $4.65 billion

Tuesday, November 30, 2021
Opalesque Industry Update - Manulife Investment Management announced today the final closing of Manulife Infrastructure Fund II, L.P., 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.

"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.

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