Manulife Investment Caps Forest Climate Fund at $480.1M

Manulife Investment Management announced on January 27 that it closed Manulife Forest Climate Fund and its affiliated offshore vehicles with capital commitments totaling $480.1M.

The fund and its affiliates generated support from investors that include qualified US individuals, corporates and global institutional investors. As of closing, the fund is almost 50% deployed, having purchased over 150,000 acres of forestland assets including Eagle Cap, Siscowet and Oak Bluff, all in the US. The fund has also identified additional opportunities for 2025.

According to an amended filing with the SEC dated December 20, 2024, the fund opened for sale on June 28, 2023, with the minimum investment amount set at $5M. In the latest filing, Manulife reported securing capital commitments of $478.9M from six investors. Manulife sought the assistance of sister firm John Hancock Investment Management Distributors for marketing the fund across the US, allocating $55K for the services.

Manulife IM has $100B of assets in its private markets platform, which has exposure to the infrastructure, real estate, private equity, private credit, timberland and agriculture sectors. Through the Forest Climate Fund, the investment manager aims to provide investors with the opportunity to gain carbon credits from owning a diversified portfolio comprising assets that could help mitigate climate change and sequester more than 6 million tons of carbon dioxide over the fund's term.

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Written By: Dakota

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