Infrastructure Boom Propels $5.5 Billion Fundraise for Manulife

Rising investor appetite for digital infrastructure, energy and transportation assets boosted fundraising for Manulife Investment Management, which closed its largest-ever infrastructure fund with $5.5 billion.

The money-management division of Manulife Financial Corp. has a team that specializes in mid-market infrastructure assets primarily in the US, which can complement and diversify exposure for investors with capital in larger opportunities, according to Anne Valentine Andrews, global head of private markets for the unit.

“People are looking for these strategies alongside the kind of, big, global strategies,” Valentine Andrews said in an interview on Monday. “You want to have diversification in ...