Manulife Investment Management Wraps Up $752M Private Credit Fund

Manulife Investment Management has successfully concluded the fundraising for Manulife Capital Partners VII (MCP VII), a private credit fund totaling $752 million. The fund's strategy is centered on investing in 20-30 portfolio companies boasting over $20 million in EBITDA, spanning various sectors such as business services, industrial manufacturing, aerospace and defense, and building products.

MCP VII, as outlined in a recent press release, aims to generate high yields coupled with equity upside by deploying junior credit capital into middle-market companies in the United States. This approach offers contractual cash coupons and potential capital appreciation, presenting an attractive proposition for investors. The fund boasts support from a diverse global investor base, including institutional and private capital investors, with Manulife also committing capital to the venture.

This latest endeavor underscores Manulife Investment Management's commitment to fostering growth opportunities in the private credit space, leveraging its expertise to navigate and capitalize on evolving market dynamics.