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HomeWealth ManagementManulife IM's fund hits $600m in GP-Led secondaries

Manulife IM’s fund hits $600m in GP-Led secondaries

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Jeff Hammer elaborated on the transformative influence of continuation autos on the secondary market, emphasizing the meticulous due diligence and precision in underwriting returns. This methodology, he defined, permits for the conclusion of superior secondary market returns for traders.

Manulife IM‘s method to the secondary market is supported by its sponsor-centric platform, which incorporates over 200 common accomplice relationships.

This community gives capital options throughout 5 key verticals: main fund investments, fairness co-investments, senior and junior credit score, and GP-led secondaries. As of December 31, 2023, Manulife IM manages $25.8bn in property underneath administration (AUM) inside non-public fairness and credit score sectors.

Vipon Ghai, world head of personal fairness and credit score at Manulife IM, expressed gratitude in direction of their world non-public fairness sponsors for his or her belief and recognition of Manulife’s experience in providing versatile capital options.

Ghai praised the inaugural fund targeted on GP-led secondaries for its profitable navigation of a difficult macroeconomic panorama, offering a novel funding avenue for purchasers.

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