Manulife Investment Management has confirmed the final closing of the Infrastructure Fund II LP, a private fund pool, at $4.65 billion.
The fund is Manulife’s second infrastructure fund which will make equity investments in core and core-plus infrastructure assets.
The firm’s head of real assets, Christoph Schumacher, said the fundraise well-exceeded the target and the size of the first fund pool.
Manulife Investment Management raised its first infrastructure fund in 2018. Both funds are led by Recep Kendircioglu, co-portfolio manager and head of infrastructure investments, and John Anderson, co-portfolio manager and Manulife’s global head of corporate finance.
Kendircioglu said: “The fund is backed by a knowledgeable and experienced team who will focus the majority of the fund’s investments on infrastructure assets including renewable energy and storage, digital infrastructure, transportation, and regulated utilities.”
Campbell Lutyens acted as the exclusive financial adviser to the fund.
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