Private markets

Our clients rely on our long-standing private markets expertise to capitalize on inefficient markets, add diversification potential, and seek attractive risk-adjusted returns across a range of strategies.

 

Leading capabilities

For decades, we've employed private markets strategies to enhance portfolio diversification and pursue attractive risk-adjusted returns. Today, we offer our institutional and high-net-worth clients access to leading capabilities across a range of private asset classes. At the same time, our size and position in the marketplace afford access to a broad investment platform and market insight that are essential for success.

 

  • Private equity and credit

    Senior and junior private credit, fund investing, and equity co-investments focused on the North America and Asia middle markets

     

    $26.0B in AUMA1
    20+ years of experience

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  • Real estate equity

    Investment solutions across core, core-plus, and value-add office, industrial, multifamily, and retail assets in the United States, Canada, and Asia

     

    $19.5B in AUM
    95+ years of experience

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  • Timberland

    Fully integrated, global, sustainable timber investment solutions across a variety of tree species, age classes, and geographies

     

    $10.6B in AUM2
    35+ years of experience

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  • Infrastructure equity

    Equity investments in core and core-plus infrastructure assets focusing on the United States, Canada, and Europe

     

    $15.4B in AUM3
    40+ years of experience4

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  • Agriculture

    Customized, vertically integrated, sustainable agricultural investment solutions across a variety of commodity types and geographies 

     

    $4.8B in AUM5
    30+ years of experience

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All assets under management (AUM) are calculated on a fair value basis in U.S. dollars (USD); AUM and years of experience are as of September 30, 2023. Data includes assets managed by Manulife Investment Management and its affiliates on behalf of Manulife's Canadian and U.S. general accounts, as well as certain third-party investors. Investment advisory services to third-party investors and certain affiliated investors are offered by Manulife Investment Management Private Markets (US) LLC (Manulife IM PM (US)). Of the AUM figures shown for Manulife IM PM (US) entities, the private equity and credit team manages $5.7 billion in AUM on a discretionary basis, the real estate equity team manages $0.7 billion in AUM on a discretionary basis, and the infrastructure team manages $4.1 billion in AUM on a discretionary basis.

1 AUM of Private Equity & Credit (“PE&C”) includes funded committed capital as of September 30, 2023. The total value includes $8.2B of unfunded commitments. 2 Represents assets of Manulife Investment Management’s timberland group, managed on a discretionary and nondiscretionary basis for the general account, its affiliates, and third-party clients. 3 Represents assets of Manulife Investment Management’s private equity and credit group. 4 Experience of North American corporate finance. 5 Represents assets of Manulife Investment Management’s agriculture group managed on a discretionary and nondiscretionary basis for the general account, its affiliates, and third-party clients.

A long-term, risk-conscious approach

Across our private markets strategies is a long-term focus, a risk-conscious investment philosophy, in-house sector expertise, and strong internal governance. Our private markets business units are supported by board governance and investment committees with independent legal, compliance, and risk teams that hold deep asset management expertise.

A commitment to sustainability

Responsible stewardship of our clients' capital is integral to our business and culture, and we seek to be a global leader in creating long-term value for our stakeholders. The incorporation of ESG considerations starts with the integration of ESG factors into our investment analysis and due diligence process. In segments where we own and operate assets, we hold ourselves to a high standard of stewardship and sustainability. We do this to both protect and grow the value of those assets and for the benefit of the communities they touch. Where we don't directly own assets, we're committed to intensive due diligence and engagement with our partners and asset owners.

  • 100% of our managed global forests6 and U.S. farmland7 is certified sustainable

  • Nearly 1.8 million metric tons of C02 removed annually over the past five years through our managed forests and farms

  • Nearly 50 million square feet—82% of our real estate equity portfolio—is certified to a green building standard, such as LEED, ENERGY STAR, or BOMA BEST.8

  • Our infrastructure team has invested approximately $3.6 billion in the renewables space.9

Important disclosures

Source: Manulife Investment Management. All data is as of December 31, 2022. Please refer to the 2022 real assets sustainable investing reports for details.

6 100% of our forests were certified under either the Sustainable Forestry Initiative (SFI) or Forest Stewardship Council (FSC), and some of our forests in Australia and New Zealand carry dual FSC and Programme for the Endorsement of Forest Certification (PEFC) accreditation. As a condition of certification, forests must have management plans, including consideration of biodiversity. 7 Certification is by Leading Harvest and is based on an annual assessment of the conformation to its Farmland Management Standard. Most current data is shown. 8 Rating is as of December 31, 2022. Based on square footage or building size of the gross floor area (GFA) of properties in the global portfolio. Based on operational assets held in the fund for more than one year. Totals from different certification standards do not sum as properties with multiple certifications are only counted once. Certifications are provided by LEED, Energy Star Certification, BOMA BEST, GBCA Greenstar, BCA Green Mark, NABERS, Casbee, BOMA360, Fitwel. Based on operational assets held in the fund for more than one year. Information on GRESB: https://gresb.com. Information on PRI:  https://www.unpri.org/. Real Estate Sustainability Report can be downloaded here. 9 The infrastructure team manages renewable energy-related private equity investments on behalf of external clients and the insurance business of Manulife. Total includes$1.54bn of assets managed on behalf of external clients. For reporting, renewable energy in our infrastructure equity assets under management (third-party and general account) include investments in solar power June 30, 2023.

Related resources

  • Timber and agriculture sustainability reports

    As a steward of agricultural and forest holdings, we're committed to conducting all of our business activities in a manner that recognizes the need to preserve and enhance the quality of our environment and local communities, empower our people, and provide market rate returns for our clients. Simply put, adopting sustainable and responsible investing practices is who we are and how we do business.

    Read our sustainability reports for timber and agriculture
  • Timber and agriculture climate disclosure

    We take climate change seriously. We have a moral responsibility to mitigate it, a business imperative to adapt to it, and a unique opportunity to address it. In this document, we consider what climate change means, as well as our role in assessing and managing climate-related impacts, risks, and opportunities.

    Read our 2020 timber and agriculture climate report
  • Real estate sustainability report

    Our approach to sustainability in real estate is based on responsible property investment that aligns with global standards. This means we incorporate ESG considerations into all our investment management and operational practices across the real estate value chain.

    Read our real estate sustainability report
  • Infrastructure sustainable investing framework

    Download
  • Private equity and credit sustainable investing framework

    Download
  • Timberland and agriculture sustainable investing framework

     

    Download
  • Real estate climate disclosure (TCFD)

    Download
  • Real estate sustainability framework

    Download

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