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Boston-based Manulife Investment Management announced Wednesday that it has successfully clinched its second private equity fund, amassing $810 million in commitments. The fund, Manulife Private Equity Partners II LP, is part of Manulife's strategy to offer specialized solutions for investors seeking enhanced exposure to private equity opportunities.

Focus on Stability and Long-Term Value

"We are thrilled to have closed on Manulife Private Equity Partners II and have the opportunity to showcase our commitment to general partners as a provider of stable sources of capital and our patient approach to building value, as well as the solutions that are available to our clients," said Vipon Ghai, Manulife Global's head of private equity and credit.

Manulife Investment Clinches 2nd PE Fund : Partnership with AlpInvest

The fund was seeded with a portfolio selected in partnership with AlpInvest, a subsidiary of private equity giant Carlyle. This portfolio includes private equity fund interests and co-investments in North American buyout funds, involving over 30 private equity managers.

"After successfully partnering with Manulife IM to develop and anchor Manulife Private Equity Partners LP in 2019, we are pleased to continue the collaboration between our firms," said Michael Hacker, managing director at AlpInvest.

Manulife Investment Clinches 2nd PE Fund : Diverse Portfolio Management

Richard Tarr, managing director of private equity funds at Manulife, will lead the fund management. Tarr emphasized the fund's "diverse portfolio of investments" and its growth potential for investors seeking access to the "expertise and knowledge" of various managers across different industries.

Expanding Manulife's Private Equity and Credit Platform

Manulife's private equity and credit platform manages over $25 billion in assets. The platform focuses on primary funds, equity co-investments, secondaries, senior credit, and junior credit in the North American and Asian middle markets.

Legal counsel information for the law firm advising Manulife was not immediately available, and a representative for the firm did not respond to requests for additional information.

Conclusion

The successful launch of Manulife Private Equity Partners II LP underscores Manulife Investment Management's ongoing commitment to providing innovative private equity solutions. This second fund, bolstered by strategic partnerships and a diverse portfolio, aims to deliver long-term value and stability to its investors.