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Manulife launches new private markets group Add to ...

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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.

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