Manulife Investment Management held its final close of its latest infrastructure fund, raising $4.65 billion from 29 limited partners and Manulife’s general account.
Manulife Infrastructure Fund II (MIF II) is the firm’s second infrastructure fund and is set to make equity investments in core and core-plus infrastructure assets.
MIF II is the largest fund raised to date at Boston-based Manulife, according to Stephen Blewitt, Manulife global head of private markets, a business that spans real assets, including infrastructure, real estate, timberland, and agriculture, and private equity and credit.
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