Toronto-based Manulife Financial expands third party asset management business

Manulife Financial said Monday that it has expanded its third party private asset management business. The new unit will be called Manulife Asset Management Private Markets and focus on providing investors access to Manulife Financial's other private asset investment teams that have primarily served its general fund. Based in Toronto, Manulife Financial is a financial services provider. Update: The firm has C$7.3 billion in private equity, infrastructure equity, mezzanine debt, and oil and gas. The private equity and mezzanine debt teams invest capital in Canada and the United States.

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