Manulife Investment Management has agreed to buy a major minority stake in Arch Capital, albeit the deal is still subject to regulatory approval.
According to a press statement, Manulife IM will work closely with Arch Capital on prospects to become the institutional anchor for its future investment strategies. The present management of Arch Capital’s existing property private equity companies in Asia Pacific will remain unchanged.
“This transaction is a complement to our Asia private markets and real estate growth strategy, and an amplification of our core strengths,” Christoph Schumacher, global head of real assets of private markets at Manulife IM, said.
Arch Capital manages $2.3 billion in assets under management (AUM) through co-mingled funds, individual accounts, and joint ventures, with a diverse portfolio of office, retail, residential, and mixed-use properties. The company claims that active and direct in-house asset management may add value to investors.
The partnership’s total AUM exceeds $5 billion, spread across 12 Asian regions.
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