# Manulife Financial US Pension and Retiree Welfare Plans

Manulife Financial US Pension and Retiree Welfare Plans is a Pension Fund based in Toronto, Canada.

## Overview

- **Organization type:** Pension Fund
- **Headquarters:** Toronto, Canada
- **Region:** North America
- **Address:** 200 Bloor Street East, Toronto, Ontario, Canada M4W 1E5
- **Founded:** 1887
- **Assets under management:** Undisclosed
- **Website:** www.manulife.com

## Regulatory record

- **Reports private funds:** No

## About

Manulife established its core operations in 1887. The US Pension and Retiree Welfare Plans sit inside that corporate structure and exist solely to meet defined benefit obligations for US employees. Allocations cover private equity, real estate, and infrastructure. Confirmed holdings include the Anchor Point Residential platform with TruAmerica, a 35-asset industrial portfolio partnered with Scannell Properties and StepStone, and Manulife Infrastructure Fund III focused on North American core-plus assets. Additional exposure runs through Manulife Private Equity Partners II and Manulife Co-Investment Partners III. Geographic reach centers on the United States and extends to global timberland and agriculture portfolios. Reported plan assets total 3.1 billion USD. The plans maintain relationships with John Hancock Trust Company as trustee and BNY Mellon as custodian. A November 2025 fireside chat at the Desjardins Toronto Conference addressed plan positioning alongside Manulife CFO Colin Simpson. The plans operate as captive asset owners inside a public insurance parent rather than as independent allocators. This structure channels all investment activity through Manulife Investment Management vehicles and restricts external manager selection to approved partners.

## Sectors

- Real Estate
- Infrastructure
- Private Equity
- Natural Resources

## Questions

### Who manages investment decisions for the US Pension and Retiree Welfare Plans?

Manulife Investment Management executes allocations on behalf of the plans. No separate CIO or investment committee for the plans is disclosed.

### Does the plan invest through external managers or internal vehicles?

The plans commit to internal Manulife funds and joint ventures. External partners appear only through approved co-investments such as AlpInvest and Ardian.

### What asset classes receive the largest allocations?

Real estate and infrastructure represent the largest disclosed positions. Private equity exposure occurs via fund-of-funds and co-investment sleeves.

### How are the plans governed relative to the parent company?

The plans function as internal retirement vehicles. Governance flows through Manulife Financial corporate structures with John Hancock Trust Company acting as trustee.

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Last updated: 2026-06-03T20:00:00.000Z

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