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One of the Manulife offices on Bloor Street in Toronto.
One of the Manulife offices on Bloor Street in Toronto.
(Glenn Lowson For The Globe and Mail)

Manulife launches new private markets group

Manulife Financial Corp. is formally launching a new institutional investment business group after a year of building up assets and planning an expansion.

The business, called Manulife Asset Management Private Markets, manages $74-billion of its parent company’s $575-billion in funds under management. Management plans to grow that pool by seeking out new investors and deepening its focus on three target areas: commercial real estate equity, commercial mortgage lending and private placements.