John Hancock Comvest Private Income Fund to acquire Manulife Private Credit Fund

John Hancock Comvest Private Income Fund has agreed to acquire Manulife Private Credit Fund in a strategic acquisition within the financial services sector. Both entities are based in the United States, indicating a domestic consolidation of private credit assets. The transaction was announced on 22 June 2026, with the deal value not disclosed to the public. The consideration for this acquisition consists entirely of shares, rather than cash or a mixed payment structure. This structure suggests a long-term alignment of interests between the buyer and the target’s stakeholders. The acquisition reflects a move to integrate the target’s private credit portfolio into the buyer’s existing fund infrastructure. No specific financial figures or performance metrics were reported alongside the announcement. The process concluded with the completion of the transaction on 30 September 2026. The deal is now fully executed, with no pending regulatory approvals or subsequent steps required. This marks the final stage of the integration process for the two funds. The combined entity will operate under the John Hancock umbrella, leveraging the acquired assets within its broader investment strategy. The transaction remains a notable example of share-based acquisitions in the current market environment.