Manulife Investment Management (Manulife IM) has solidified its position in the private equity market with the closing of its second fund of funds, Manulife Private Equity Partners II, boasting an impressive $810 million in commitments. This new fund is not just another player in the game – it comes with a pre-existing portfolio of interests in North American buyout funds managed by over 30 private equity managers.
Vipon Ghai, the global head of Private Equity and Credit at Manulife IM, emphasizes the firm’s dedication to supporting general partners with stable capital and a patient approach to value creation. Richard Tarr, managing director of Private Equity Funds, will be at the helm of managing this diverse portfolio, offering investors the opportunity to tap into the expertise of multiple managers across different sectors and industries.
Partnering with Carlyle subsidiary AlpInvest Partners, Manulife IM has curated a selection of North American buyout investments led by experienced GPs. This collaboration not only strengthens the existing relationship between the two firms but also underscores the importance of long-term partnerships in the private equity landscape.
With its robust private equity and credit platform managing over $25 billion globally, Manulife IM continues to make strategic moves in the market. This recent success speaks to the firm’s commitment to delivering value and growth opportunities to investors seeking exposure to dynamic markets. As the private equity landscape continues to evolve, partnerships and collaborations like these will play a crucial role in driving innovation and unlocking new investment opportunities.
