Boston, July 10, 2024 Manulife Investment Management (Manulife IM) announced today that it has closed commitments of approximately $810 million to Manulife Private Equity Partners II, LP (the Fund). The Fund is the second private equity fund of funds raised by Manulife IM as part of Manulife IM’s ongoing commitment to provide specialized solutions to investors seeking to expand exposure to investment opportunities in the growing private equity market. The Fund is comprised of an existing portfolio selected in partnership with AlpInvest, a subsidiary of global investment firm AlpInvest. Carlisle (NASDAQ: CG) consists of interests in private equity funds and co-investments in North American buyout funds with more than 30 leading private equity managers.
“We are excited to close the Manulife Private Equity Partners II transaction and have the opportunity to showcase our commitment to our general partners as a provider of stable capital sources, our patient approach to building value and the solutions we can offer our clients,” said Vipon Ghai, global head of private equity and credit at Manulife Investment Management.
The fund is managed by: Richard ThalManaging Director of Private Equity Funds at Manulife Investment Management.
“Manulife Private Equity Partners II offers a diversified investment portfolio and the potential for growth and value creation to investors seeking access to the expertise and knowledge of multiple managers across various sectors and industries,” Tarr said.
Michael HackerJerry Brown, Managing Director at AlpInvest Partners, said, “Following our successful partnership with Manulife IM in 2019 to develop and anchor Manulife Private Equity Partners LP, we are pleased to continue the collaboration between our two firms. Having worked with Manulife IM on the selection of the seed portfolio, we are pleased to be investing in their second fund, comprised of high-quality North American buyout investments managed entirely by GPs with long-standing relationships with AlpInvest.”
Manulife IM’s private equity and credit platforms are $25 billion The company’s managed assets are focused on primary funds, equity co-investments, secondary funds, senior credit and junior credit. North America and Asia Mid-market. 1
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1. Private Equity & Credit (“PE&C”) AUM includes funded committed capital as of March 31, 2024. Total includes unfunded commitments of $8.3 billion. All assets under management (AUM) are calculated in US dollars (USD) on a fair value basis as of March 31, 2024. 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 provided by Manulife Investment Management Private Markets (US) LLC (Manulife IM PM (US)). |
About Manulife Investment Management
Manulife Investment Management is the brand of Manulife Financial Corporation’s global asset management division. Our mission is to make decisions easier and lives better by empowering investors to create a better tomorrow. Serving more than 17 million individuals, institutions and retirement plan participants, we believe our global reach, complementary businesses and parent company strengths position us to help investors take advantage of today’s emerging global trends. We provide clients with access to public and private investment solutions across equity, fixed income, multi-asset, alternatives and sustainability-linked strategies such as natural capital, helping them make more informed financial decisions and achieve their investment goals. Not all services are available in all jurisdictions. For more information, visit manulifeim.com.
About AlpInvest
A subsidiary of AlpInvest Carlisle (NASDAQ:CG) is one of the world’s leading private equity investors. $80 billion More than 500 assets under management and more than 500 investors March 31, 2024Invested in over 360 managers, approximately $100 billion The company operates in a wide range of areas, including primary commitments to private equity funds, secondary and portfolio financing transactions and co-investments. new york, Amsterdam, Hong Kong, Londonand SingaporeFor more information, visit www.carlyle.com.
Source: Manulife Investment Management
