Manulife Investment Management (Manulife IM) has completed the final closing of its third flagship infrastructure fund, Manulife Infrastructure Fund III (MIF III), raising a total of $5.5 billion.
MIF III significantly surpassed its original target size to become the largest fund Manulife IM has raised to date. Commitments came from both existing investors who invested in the first fund in the series, as well as new investors.
MIF III will invest in high-quality, core-plus infrastructure assets across North America. The fund already has made 11 investments, and the investment team is well positioned to continue executing on a strong pipeline of opportunities within the North American middle market.
“We have seen tremendous interest in this strategy since launching our first infrastructure fund in 2018 and are grateful to be oversubscribed in each of our offerings,” said Recep Kendircioglu, global head of infrastructure at Manulife IM. “The strategic holdin
