Manulife Investment Management Receives Authorisation For Irish AIFM
Manulife Investment Management has received authorisation for its Irish entity, Manulife Investment Management (Ireland) Limited, as an Alternative Investment Fund Manager (AIFM). The authorisation enables Manulife to provide management company services to alternative investment funds (AIFs) in accordance with the European Union's Alternative Investment Fund Managers Directive (AIFMD). The authorisation as an AIFM became effective on 15 April 2021, and enables the passporting and sale of the firm's private markets funds to professional investors across the European Economic Area.
“Achieving this license is a critical milestone to further extend the reach of our global private markets business and is a strategic opportunity for European investors seeking access to the diversification and the potential benefits of private asset exposures,” said Paul R. Lorentz, president & CEO, Manulife Investment Management.
Andrew G. Arnott, head of wealth and asset management, Manulife Investment Management, United States and Europe added, “According to ESMA, the European AIF segment is nearly €5.8trn – or 40% of the total EU fund industry. The AIFM authorisation further demonstrates our commitment to expanding investment options for clients in the region in a market where demand continues to grow.”
“Manulife Investment Management offers European investors one of the most diverse sets of private market capabilities in the industry with investment expertise in private equity, private credit and real assets,” said Stephen J. Blewitt, global head of private markets, Manulife Investment Management. “We are seeing an increased demand for private assets due to the continued low yield environment and we are focused on meeting the needs of investors who may want to take advantage of our decades of experience managing illiquid assets.”
Manulife Investment Management runs more than €98bn in private markets assets globally across private equity and credit, real estate, infrastructure, timberland, and agriculture. It will focus initially on Austria, Belgium, Denmark, Finland, France, Germany, Italy, Lithuania, Luxembourg, Netherlands, Norway, Spain, Sweden, Switzerland, and the United Kingdom.
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