#Canada #Toronto #Infrastructure Fund #Manulife IM #MIF III

Manulife Investment Management Fund III Achieves a Major Milestone

In an impressive demonstration of investor confidence, Manulife Investment Management (Manulife IM) has successfully closed its third infrastructure fund, Manulife Investment Management Fund III, L.P. (MIF III), having raised a remarkable $5.5 billion. This amount not only marks the largest fundraising effort for the firm to date but also significantly exceeds initial projections aimed at securing a more modest capital commitment. The final close celebrated on October 7, 2025, showcases the firm’s strategic focus on mid-market infrastructure investments across North America.

The Catalyst Behind MIF III's Success

The funding success can be attributed to Manulife IM's esteemed reputation in the industry and its established track record in managing infrastructure assets effectively. The firm has been operational for two decades in this space, concentrating on providing strong risk-adjusted returns to investors. Anne Valentine Andrews, the global head of private markets at Manulife IM, expressed satisfaction with the outcome, citing it as a testament to the ongoing momentum in the business and the growing importance of infrastructure as a vital asset class for long-term investment returns.

"We are pleased to announce this milestone, and I congratulate the infrastructure team on reaching another successful fund close, which represents a significant achievement for our Private Markets platform," Andrews stated.

Unprecedented Investor Interest

Manulife IM has seen tremendous interest in its infrastructure strategy since the inception of its first fund in 2018. The firm has successfully attracted investors into each of its offerings, reflecting a robust market confidence. Recep Kendircioglu, the global head of infrastructure, highlighted that the past two funds served as a significant confidence booster, especially amid current economic uncertainties. He expressed gratitude to returning investors and welcomed new ones eager to partake in the MIF III investment strategy designed to mitigate market risks while leveraging opportunities from trend developments in underlying assets.

Strong Start with Diversified Investments

MIF III has commenced its operations with a solid portfolio comprising 11 investments. This demonstrates a promising start as the investment team capitalizes on a robust pipeline of opportunities in the North American mid-market. Avyanna De Biswas, the head of infrastructure investor relations, emphasized that the enthusiastic reception towards MIF III underscores the confidence in their investment strategy.

"We are humbled by the long-standing support from investors who have been with us since Fund I and are thrilled to engage newly interested investors sharing our commitment to disciplined investment approaches and delivering strong returns," she remarked.

Strategic Partnerships and Advisors

The fundraising effort for MIF III was bolstered by the strategic involvement of notable partners. Campbell Lutyens acted as the fundraising placement agent facilitating connections with potential investors, while legal services were provided by Ropes & Gray and tax advice by Deloitte. Collectively, these partnerships contributed to the successful execution of the capital-raising process, ensuring that interests were aligned and compliance maintained throughout.

Manulife IM’s comprehensive private market capabilities span various sectors, including real assets such as infrastructure, real estate, timberland, agriculture, along with private equity and credit, positioning them favorably in diverse investment opportunities.

Manulife's Mission

As part of Manulife Financial Corporation, Manulife Investment Management is dedicated to empowering individuals and institutions worldwide, helping them achieve their investment goals through sound financial advice and management. The firm prides itself on risk management, expertise in both public and private markets, and comprehensive retirement plan services. Their commitment is not only to create robust investment opportunities but also to foster a better financial future for their clients.

For more information about MIF III and other investment opportunities, please visit manulifeim.com.