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The investment unit of Canada's largest insurer has added two secondaries professionals to its New York-based team.
Jeff Hammer, Paul Sanbria, Manulife
Secondaries Investor caught up with the insurer's global co-heads of secondaries Jeff Hammer and Paul Sanabria, and global head of private markets Stephen Blewitt, to discuss the unit's plans.
Canada's largest insurer is the latest financial institution to enter the secondaries buy side.
Insurers in the region that have increased their exposure to alternative assets face regulatory changes that may hinder future investments.
American International Group wants to sell $2.3bn-worth of private fund stakes without an advisor, but it won’t be a walk in the park.
The US insurer has already received first-round bids for the bundle of stakes, Secondaries Investor has learned.
Chinese pensions are expected to make a push into alternatives with a 6% allocation by 2030, according to a report by Casey Quirk, a Deloitte-owned consultancy.

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