Manulife Investment Management, a company of Manulife Wealth & Asset Management, has announced the closing of approximately $660 million in commitments to Manulife Private Equity Partners III. The Fund is the third private equity fund of funds raised by Manulife IM as part of its ongoing effort to provide solutions for investors seeking greater exposure to opportunities in a growing private equity market. The fund was seeded with an existing portfolio selected in partnership with Ardian, a private investment house consisting of private equity fund interests and co-investments in North American buyout funds with more than 15 leading private equity managers.
Management of the fund will be led by Richard Tarr, managing director, private equity funds, Manulife IM.
“Manulife Private Equity Partners III brings a diverse portfolio of investments and the potential for growth and value creation to investors who seek access to the expertise and knowledge of multiple manage
