Manulife Investment Management announced the successful final close of its Infrastructure Fund III (MIF III), raising an impressive US$5.5 billion, surpassing its initial target and marking the largest fundraise in the firm's history.

The fund, focused on investing in high-quality core-plus infrastructure assets across North America, reflects Manulife IM's strong reputation for executing mid-market infrastructure strategies, built on 20 years of delivering robust risk-adjusted returns. MIF III has already initiated 11 investments, demonstrating a strong start and a strategic focus on sourcing opportunities resilient to market volatility and geopolitical uncertainties. The oversubscribed fund, supported by both long-standing and new investors, underscores confidence in Manulife IM’s disciplined approach and its ability to capitalize on infrastructure as a core allocation for long-term returns.

Campbell Lutyens acted as a fundraising placement agent for Manulife IM. Ropes & Gray acted as the legal counsel, and Deloitte acted as the tax adviser for the fundraising.  Manulife IM's global private market capabilities consist of real assets, including infrastructure, real estate, timberland, and agriculture, and private equity and credit.