News

2021
Manulife Investment Management acquires additional eucalyptus plantations in Mato Grosso do Sul, Brazil

2021

Manulife Investment Management acquires additional eucalyptus plantations in Mato Grosso do Sul, Brazil

BOSTON (August 18, 2021)— Hancock Natural Resource Group (HNRG), a company of Manulife Investment Management, through its affiliate Rio Verde Holding Ltda., recently acquired two operating companies with land use rights to 43,332 hectares of highly productive eucalyptus plantations in Mato Grosso do Sul from Copa Gestão de Investimentos Ltda., (“Copa”) on behalf of its clients. The acquisition is the second timberland investment by Manulife Investment Management in the region this year. It is a strategic priority for the firm to expand its timberland portfolio in Brazil and, more broadly, to grow its private markets’ global capabilities across real assets, and private equity and credit.

The plantations supply the increasing demand from the bleached eucalyptus kraft pulp mills and benefit from being closely located to the pulp producers. Copa has provided state of the art technology to sustainably grow and maintain the forests which has resulted in top quartile plantations for the region.

“We are pleased to announce this transaction to further build our investment platform in Brazil, which will benefit from the additional size and scale provided by the acquisition of these plantations,” said Tom Sarno, global head of timberland investments, Manulife Investment Management. “Finding high-quality assets, and working strategically with key Brazilian counterparties, continues to be a key focus to enhance and diversify clients’ portfolios.”

Manulife Investment Management manages approximately 5.7 million acres of timberland across the United States, Canada, New Zealand, Australia, Brazil and Chile. It also oversees approximately 400,000 acres of prime farmland in major agricultural regions of the United States and in Canada, Chile, and Australia. This is the third acquisition the timberland and agriculture team has closed in South America in 2021.

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About Manulife Investment Management

Manulife Investment Management is the global wealth and asset management segment of Manulife Financial Corporation. We draw on more than a century of financial stewardship and the full resources of our parent company to serve individuals, institutions, and retirement plan members worldwide. Headquartered in Toronto, our leading capabilities in public and private markets are strengthened by an investment footprint that spans 17 countries and territories. We complement these capabilities by providing access to a network of unaffiliated asset managers from around the world. We’re committed to investing responsibly across our businesses. We develop innovative global frameworks for sustainable investing, collaboratively engage with companies in our securities portfolios, and maintain a high standard of stewardship where we own and operate assets, and we believe in supporting financial well-being through our workplace retirement plans. Today, plan sponsors around the world rely on our retirement plan administration and investment expertise to help their employees plan for, save for, and live a better retirement.

As of March 31, 2021, Manulife Investment Management had CAD $764.1 billion (US $607.6 billion) in assets under management and administration. Not all offerings are available in all jurisdictions. For additional information, please visit manulifeim.com.

About Copa
Founded in 2012, Copa Investimentos (Copa) is an independent Brazilian investment management firm exclusively focused on timberland and rural real estate investments.  Copa manages funds that are involved in the establishment, acquisition and management of plantation forests and rural real estate.  The founding partners of Copa Investimentos are working together since 2005, having contributed to the development of the Brazilian timberland investment market. In this period, they participated in the structuring of the first Brazilian timberland funds and of some of the main transactions and investments in the industry. ​​The firm is wholly owned by its executives and Copa’s partnership and remuneration frameworks are based on meritocracy and long-term alignment of interests.  ​

Media contact:                                        

Elizabeth Bartlett
Manulife Investment Management US and Europe
857-210-2286
elizabeth_bartlett@manulife.com

Marcelo Borell
Copa Investimentos
+ 55 11 5180-8900  |  +55 11 98416-6768
copa@copainvest.com.br

Manulife Investment Management showcases positive impact of timber and agriculture in new sustainability report

2021

Manulife Investment Management showcases positive impact of timber and agriculture in new sustainability report

Achievements include certification of sustainable management for 100% of U.S. agriculture and global timberland portfolios

BOSTON (June 10, 2021) — Hancock Natural Resource Group, a company of Manulife Investment Management, today announced the release of its 2020 Report on Sustainability and Responsible Investing in Timber and Agriculture. The report details performance measurement and monitoring across five key environmental, social, and governance (ESG) areas that are material to the business: climate stability, ecosystem resiliency, watershed protection, people empowerment and community prosperity. Despite the challenges faced during the COVID-19 pandemic, 2020 served to further demonstrate the resilience of the team and the opportunity and privilege it is to work in these highly integrated ecosystems to manage clients’ investments sustainably.

“Timber and agriculture demonstrate that economic, environmental, and social well-being all depend on the same natural systems: the interdependence of plants, pollinators, precipitation, predators, and even people,” said Brian Kernohan, chief sustainability officer, private markets, Manulife Investment Management. “We are happy to share the most recent results from our Sustainability and Responsible Investing program and our foundational approach that ‘good stewardship is good business’ for our colleagues, clients and communities.”

The report highlights key sustainability performance metrics. Both timber and agriculture teams made significant progress on the respective metrics last year. Manulife Investment Management is actively working to develop and continuously improve these measurements in tandem with other like-minded companies and nonprofit organizations. In 2022, Manulife Investment Management intends to offer fund-level sustainability reporting to provide investors additional insight into the assets owned.

Agricultural milestones

2020 was pivotal for the agriculture investment platform as the diversified 70,000-acre directly operated U.S. agriculture portfolio became the first farmland to be third-party certified under the new standard established by Leading Harvest, an outcome-based sustainability standard designed to optimize sustainable farmland management as part of a comprehensive assurance program for all types of farms.1 Manulife Investment Management worked collaboratively with sector peers and nonprofit organizations to develop the standard while completing its inaugural examination in 2019. As of May 17, 2021, 100% of its U.S. agriculture platform, more than 300,000 acres, has been third-party certified to the Leading Harvest Farmland Management Standard.

The investment team also adopted a deliberate and systematic focus on regenerative agricultural practices that can improve soil health and biodiversity, as well as increase carbon sequestration, in recognition of agriculture’s role as a natural climate solution.

“We made tremendous progress against our sustainability initiatives in 2020 and have demonstrated our on-going commitment to sustainable agriculture in 2021 by certifying 100% of our U.S. agriculture platform to the Leading Harvest Standard. I could not be prouder of the team,” said Oliver Williams, global head of agricultural investments, Manulife Investment Management.  “We believe that our economies of scale and the deployment of advanced agricultural technologies – such as remote sensing and precision irrigation/fertilization – will prove to be increasingly important as we continue to expand our sustainability practices.”

Timberland milestones

Timberland’s significance grew as pandemic stress increased demand for forest products, from pulp and paper used in hygiene and personal protective equipment, to saw timber used for housing and renovations. Foresters and contractors worked diligently to meet increased demand. In parallel with the supply-demand dynamics introduced in the pandemic, corporate and investor net-zero commitments grew exponentially last year, as did awareness of the critical role forests play in removing carbon dioxide from the atmosphere.

Manulife Investment Management’s timberland portfolio already removes more CO2 than its operations produce and is managing the assets for positive climate impact. Over the past five years, the timberland portfolio has removed 1.9 million tons of CO2 from the atmosphere annually. In addition, 100% of the global portfolio is certified as sustainably managed in accordance with credible third-party certification programs, including the Sustainable Forestry Initiative® and other PEFC-endorsed standards and the Forest Stewardship Council®.

“Through the dedication of the team, we finished the year in a very positive position, with increased opportunities for our forests to both deliver value to clients and have climate-positive and nature-positive impact,” said Tom Sarno, global head of timberland investments, Manulife Investment Management. “We are also scaling up to be able to offer our investors opportunities for even greater impact in the future.”

“We believe taking care of the forests, farms, ecosystems, and communities entrusted to us is essential for achieving competitive long-term returns,” Mr. Kernohan concluded. “And as the demand for ‘pure-play’ impact-first investing grows, we feel we are well-positioned to help investors address their carbon footprint, climate or net-zero pledges, and other positive environmental and social objectives.”

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  1. Oliver Williams is current Chairperson of the Board of Directors for Leading Harvest. For more information on Leading Harvest please see: https://www.leadingharvest.org/about.

 

About Manulife Investment Management

Manulife Investment Management is the global wealth and asset management segment of Manulife Financial Corporation. We draw on more than a century of financial stewardship and the full resources of our parent company to serve individuals, institutions, and retirement plan members worldwide. Headquartered in Toronto, our leading capabilities in public and private markets are strengthened by an investment footprint that spans 17 countries and territories. We complement these capabilities by providing access to a network of unaffiliated asset managers from around the world. We’re committed to investing responsibly across our businesses. We develop innovative global frameworks for sustainable investing, collaboratively engage with companies in our securities portfolios, and maintain a high standard of stewardship where we own and operate assets, and we believe in supporting financial well-being through our workplace retirement plans. Today, plan sponsors around the world rely on our retirement plan administration and investment expertise to help their employees plan for, save for, and live a better retirement.

As of March 31, 2021, Manulife Investment Management had CAD $764.1 billion (US $607.6 billion) in assets under management and administration. Not all offerings are available in all jurisdictions. For additional information, please visit manulifeim.com.

Media contacts:                              

Asia
Carl Wong
Carl_KK_Wong@ManulifeAM.com

 

Canada
Cheryl Holmes
Cheryl_Holmes@Manulife.com

 

U.S. and Europe
Elizabeth Bartlett
Elizabeth_Bartlett@Manulife.com

 

Manulife Investment Management expands impact investing & natural climate solutions team

2021

Manulife Investment Management expands impact investing & natural climate solutions team

BOSTON (March 25, 2021)— Hancock Natural Resource Group (HNRG), a company of Manulife Investment Management, announced today that Eric Cooperström has joined the firm as managing director, impact investing and natural climate solutions. In this newly created role, Eric will be responsible for enhancing the sustainability and responsible investing capabilities for Manulife Investment Management’s timberland and agriculture teams and will also work closely with them to develop and support an investment thesis and value proposition for clients interested in impact-first investments.

Historically, Manulife Investment Management’s timberland and agriculture investments have emphasized good stewardship of environmental, social, and governance (ESG) factors as important contributors to achieving long-term market rates of return. However, as climate change related effects on the environment become more pronounced, the need for mitigation and adaptation through natural climate solutions becomes more obvious. Through its capabilities in timberland and agriculture, Manulife Investment Management is well-positioned to offer strategies that prioritize environmental and social impact equal to or above financial returns – or impact -first investments – to clients.

“We are excited to have Eric onboard as his expertise and background will be integral in developing our impact-first investment strategies,” said Brian Kernohan, Chief Sustainability Officer, Private Markets, Manulife Investment Management. “We believe forests and farms are natural climate solutions, and we see removing carbon from the atmosphere and storing it in trees and soils as a viable option for investors who are looking to optimize and prioritize carbon sequestration.”

Mr. Cooperström reports to Mr. Kernohan and is based in San Francisco.

Prior to joining Manulife Investment Management, Eric was a Senior Director at NatureVest, the impact investment arm of The Nature Conservancy, where he was responsible for asset management and for developing the conservation impact investment strategy. Previously, he was program-related investment lead at the Skoll Foundation. He also worked at Volta Capital and Capital Dynamics in London as an investment associate and was an analyst at investment bank Houlihan Lokey. Eric graduated from Johns Hopkins University with a Master of Arts in International Relations and International Economics and the University of Pennsylvania with a Bachelor of Science in Economics.

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About Hancock Natural Resource Group
Hancock Natural Resource Group (HNRG) is part of Manulife Investment Management’s comprehensive Private Markets platform, which includes private equity and credit, infrastructure, real estate, timber and agriculture. HNRG’s timber division manages approximately 5.6 million acres of timberland across the United States and in Canada, New Zealand, Australia, Brazil and Chile. HNRG’s agricultural investment group oversees approximately 400,000 acres of prime farmland in major agricultural regions of the United States and in Canada, Chile, and Australia.

About Manulife Investment Management
Manulife Investment Management is the global wealth and asset management segment of Manulife Financial Corporation. We draw on more than a century of financial stewardship and the full resources of our parent company to serve individuals, institutions, and retirement plan members worldwide. Headquartered in Toronto, our leading capabilities in public and private markets are strengthened by an investment footprint that spans 17 countries and territories. We complement these capabilities by providing access to a network of unaffiliated asset managers from around the world. We’re committed to investing responsibly across our businesses. We develop innovative global frameworks for sustainable investing, collaboratively engage with companies in our securities portfolios, and maintain a high standard of stewardship where we own and operate assets, and we believe in supporting financial well-being through our workplace retirement plans. Today, plan sponsors around the world rely on our retirement plan administration and investment expertise to help their employees plan for, save for, and live a better retirement.

As of December 31, 2020, Manulife Investment Management had CAD$966 billion (US$758 billion) in assets under management and administration. Not all offerings are available in all jurisdictions. For additional information, please visit manulifeim.com.

Media contact:
Elizabeth Bartlett
Manulife Investment Management US and Europe
857-210-2286
elizabeth_bartlett@manulife.com

Manulife Investment Management completes acquisition of Brazilian timberlands

2021

Manulife Investment Management completes acquisition of Brazilian timberlands

Acquires 12,874 hectares of highly productive eucalyptus plantations in Mato Grosso do Sul, Brazil

BOSTON (March 18, 2021)— Hancock Natural Resource Group (HNRG), a company of Manulife Investment Management, through its affiliate Sempre Verde Florestas e Agricultura Ltda., recently acquired 12,874 hectares of eucalyptus plantations in Mato Grosso do Sul from AMATA, through its subsidiary APE1 Plantio de Floresta Exotica S.A. (“APE1”). The acquisition is in keeping with Manulife Investment Management’s priority to strategically invest in its private markets’ assets across timber, agriculture, infrastructure, real estate, private equity and credit.

AMATA established these plantations beginning in 2012 to supply the growing demand from the bleached eucalyptus kraft pulp mills which are proximal to the timberlands. Since that time AMATA has provided state of the art technology to growing and maintaining the forests which has resulted in top quartile plantations for the region.

“We are pleased to announce this transaction and very happy to return to managing assets in Brazil,” said Bill Peressini, CEO and president, HNRG. “The transaction is significant for our investors and allows for further regional diversification in our portfolios.”

This is the second acquisition the Manulife Investment Management timber and agriculture group has closed in South America in 2021. The firm acquired a majority stake of Chilean fruit exporter, David Del Curto S.A. earlier this year.

Tom Sarno, global head of timberland investments added, “We look forward to working with strategic partners like AMATA to expand in South America. Given the region’s volume of high-quality real assets and its importance to global commodity markets and future supply chains, these acquisitions are an opportunity for us to build out our investment platform for clients.”

For AMATA, this transaction is part of its strategy to accelerate the development of its new business unit: AMATA Urbem. AMATA Urbem develops, manufactures, and sells engineered wood products for use in both domestic and international markets.

“Last year, the first multi-story building in Brazil was constructed with Urbem technology and the market for engineered products continues to expand,” said Ana Bastos, AMATA’s CEO. “For us, the next target is for our production facility to be fully operational in the second half of 2022.”

 

About Hancock Natural Resource Group

Hancock Natural Resource Group (HNRG) is part of Manulife Investment Management’s comprehensive Private Markets platform, which includes private equity and credit, infrastructure, real estate, timber and agriculture. HNRG’s timber division manages approximately 5.6 million acres of timberland across the United States and in Canada, New Zealand, Australia, Brazil and Chile. HNRG’s agricultural investment group oversees approximately 400,000 acres of prime farmland in major agricultural regions of the United States and in Canada, Chile, and Australia.

About Manulife Investment Management 

Manulife Investment Management is the global wealth and asset management segment of Manulife Financial Corporation. We draw on more than a century of financial stewardship and the full resources of our parent company to serve individuals, institutions, and retirement plan members worldwide. Headquartered in Toronto, our leading capabilities in public and private markets are strengthened by an investment footprint that spans 17 countries and territories. We complement these capabilities by providing access to a network of unaffiliated asset managers from around the world. We’re committed to investing responsibly across our businesses. We develop innovative global frameworks for sustainable investing, collaboratively engage with companies in our securities portfolios, and maintain a high standard of stewardship where we own and operate assets, and we believe in supporting financial well-being through our workplace retirement plans. Today, plan sponsors around the world rely on our retirement plan administration and investment expertise to help their employees plan for, save for, and live a better retirement.

As of December 31, 2020, Manulife Investment Management had CAD$966 billion (US$758 billion) in assets under management and administration. Not all offerings are available in all jurisdictions. For additional information, please visit manulifeim.com.

About AMATA
Founded in 2005 and headquartered in Sao Paulo, AMATA has always been a pioneer. The company operates according to the best practices of Environmental, Social, and Corporate Governance, with sustainable and profitable management of its assets.  All its forestry operations are FSC certified, and the Company is a Certified B Corporation. AMATA relates to the most innovative market trends, bringing to the civil construction sector engineered wood products at scale in Brazil. Through its new brand, Urbem, AMATA is building today, the cities of tomorrow.  For additional information, please visit amatabrasil.com.br.

 Media contact:
Elizabeth Bartlett
Manulife Investment Management US and Europe
857-210-2286
elizabeth_bartlett@manulife.com

Jéssica Panazzolo
AMATA
+55 11 98447 8762
imprensa@tecere.com.br

Manulife Investment Management completes majority acquisition of Chilean fruit exporter, David Del Curto S.A.

2021

Manulife Investment Management completes majority acquisition of Chilean fruit exporter, David Del Curto S.A.

Acquires a controlling interest in the Chilean fruit production, packing and export firm

BOSTON (January 26, 2021)— Hancock Natural Resource Group (HNRG), a company of Manulife Investment Management, announced today it has completed a majority acquisition of David Del Curto S.A. (“DDC”), on behalf of its third-party clients. The acquisition helps to  diversify its growing agricultural portfolio through its Farmland Plus initiative. Farmland Plus assets include integrated crop operations such as transitional processing, storing and packaging for wholesale distribution. The acquisition is in keeping with Manulife Investment Management’s priority to strategically grow its private markets offering across timber, agriculture, infrastructure, real estate, private equity and credit.

David Del Curto, S.A. is a leading Chilean fruit production, packing and export company, which produces over ten different fruit types across eleven farms, while also managing one of the largest nurseries in the country.  It also operates three packing facilities with a capacity of nine million boxes of fruit. DDC will continue to be led by Fernando Cisternas, the current CEO, and the management team, who will oversee day-to-day operations and key strategic growth projects.

“David Del Curto is a well-respected firm with more than 65 years of success in fruit production and extensive sales relationships throughout Asia, Europe, North America and the Middle East,” said Stephen J. Blewitt, global head of private markets, Manulife Investment Management. “The acquisition strengthens and diversifies our existing portfolio as DDC is in a solid position; both currently with market-leading characteristics and for the future with state-of-the-art farmland facilities and opportunity for additional strategic growth.”

“The acquisition of DDC opens a new market for our agricultural clients. Both the company’s track record and Chile’s reputation in the global agricultural markets make this an attractive agricultural investment,” added Oliver S. Williams, CFA, global head of agricultural investments, HNRG.

The acquisition will also benefit from maintaining a connection to the previous ownership. The Corso Group (TCG), the investment unit of the Cortes Solari family office, acquired an ownership stake of DDC in 2005 and in this transaction will maintain a minority stake in the firm. TCG’s experience in managing through Chile’s agricultural cycle and the overall continuity in management expertise will have both tangible and intangible impact on the future success of the company.

“We are very excited to work on the ownership transition with the strong DDC management team that is already in place and value The Corso Group’s continuing partnership ,” said William E. Peressini, CEO, HNRG. “We will also work closely with the existing teams on land stewardship which we anticipate will include redeveloping existing orchards and developing those orchards that have not been under cultivation. Through these efforts we will look to expand DDC’s production, as well as enhance existing and new marketing partnerships, to create additional opportunity.”

Chile benefits from its geographic location and climate, allowing for high value crop production. Because it is located in the Southern Hemisphere, it harvests and markets crops around the world at a time when Northern Hemisphere supplies are low. DDC currently packs and markets fruit for approximately 90 third-party growers as well as fruit from its own farms. In the 2018/19 marketing year, DDC accounted for 1.70% of Chilean fruit volume. DDC sells products to a diverse and global customer base and in the 2018/19 crop year, sold product to nearly 150 customers on four continents. Ninety percent of the total amount of sales are shipped to Europe, North America and Asia.

Fernando Cisternas, CEO, DDC, said, “By joining the Manulife Investment Management and HNRG team, we are able to rely on their extensive agricultural experience to expand our operations and further the reach of the firm. We feel the acquisition will bring tremendous additional resources to our teams and partners.”

HNRG was advised by Jon Pratt, managing director, mergers and acquisitions, Duff & Phelps and Tully & Holland on the transaction.

About Hancock Natural Resource Group

Hancock Natural Resource Group (HNRG) is part of Manulife Investment Management’s comprehensive Private Markets platform, which includes Private Equity and Credit, Infrastructure, Real Estate, Timber and Agriculture. HNRG’s timber division manages approximately 5.6 million acres of timberland across the United States and in Canada, New Zealand, Australia, and Chile. HNRG’s agricultural investment group oversees approximately 400,000 acres of prime farmland in major agricultural regions of the United States and in Canada and Australia.

About Manulife Investment Management

Manulife Investment Management is the global wealth and asset management segment of Manulife Financial Corporation. We draw on more than a century of financial stewardship and the full resources of our parent company to serve individuals, institutions, and retirement plan members worldwide. Headquartered in Toronto, our leading capabilities in public and private markets are strengthened by an investment footprint that spans 17 countries and territories. We complement these capabilities by providing access to a network of unaffiliated asset managers from around the world. We’re committed to investing responsibly across our businesses. We develop innovative global frameworks for sustainable investing, collaboratively engage with companies in our securities portfolios, and maintain a high standard of stewardship where we own and operate assets, and we believe in supporting financial well-being through our workplace retirement plans. Today, plan sponsors around the world rely on our retirement plan administration and investment expertise to help their employees plan for, save for, and live a better retirement.

As of September 30, 2020, Manulife Investment Management had CAD$923 billion (US$692 billion) in assets under management and administration. Not all offerings are available in all jurisdictions. For additional information, please visit manulifeim.com.

Media contact:
Elizabeth Bartlett
Manulife Investment Management US and Europe
857-210-2286
elizabeth_bartlett@manulife.com

 

2020
Hancock Natural Resource Group completes acquisition of approximately 149,000 acres of timberlands in southern Oregon

2020

Hancock Natural Resource Group completes acquisition of approximately 149,000 acres of timberlands in southern Oregon

BOSTONNov. 25, 2020 /PRNewswire/ – Hancock Natural Resource Group, a Manulife Investment Management Company, announced today it has completed the acquisition of approximately 149,000 acres of timberlands in southern Oregon from Weyerhaeuser Company. The firm has acquired more than 200,000 acres of quality timberlands in southern Oregon since 2017. This most recent acquisition is aligned with Manulife Investment Management’s goals to provide additional opportunity for investors within private markets across timber, agriculture, infrastructure, real estate and private equity and credit.

“We believe these forests have been well-managed and are attractively stocked with Douglas-fir and white woods timber. The customer base for the timber are leading forest product companies who manufacture veneer, plywood, engineered wood products and lumber,” said Tom Sarno, global head of timberland investments, Hancock Natural Resource Group. “We look forward to managing these forests in a manner consistent with our commitment to stewardship of people and the environment alongside our contractors, recreational users and other community stakeholders in southern Oregon.”

The parcels are located in CoosCurryDouglas and Josephine counties and will be managed by Hancock Forest Management, Hancock Natural Resource Group’s integrated property management group.

Hancock Natural Resource Group manages approximately 635,000 acres of timberland in Oregon, 1.4 million acres in the greater Pacific Northwest and Inland Northwest region and 5.6 million acres globally.

About Hancock Natural Resource Group

Hancock Natural Resource Group (HNRG) is part of Manulife Investment Management’s comprehensive Private Markets platform, which includes Private Equity and Credit, Infrastructure, Real Estate, Timber and Agriculture. HNRG’s timber division manages approximately 5.6 million acres of timberland across the United States and in CanadaNew ZealandAustralia, and Chile. HNRG’s agricultural investment group oversees approximately 400,000 acres of prime farmland in major agricultural regions of the United States and in Canada and Australia.

About Manulife Investment Management

Manulife Investment Management is the global wealth and asset management segment of Manulife Financial Corporation. We draw on more than a century of financial stewardship and the full resources of our parent company to serve individuals, institutions, and retirement plan members worldwide. Headquartered in Toronto, our leading capabilities in public and private markets are strengthened by an investment footprint that spans 17 countries and territories. We complement these capabilities by providing access to a network of unaffiliated asset managers from around the world. We’re committed to investing responsibly across our businesses. We develop innovative global frameworks for sustainable investing, collaboratively engage with companies in our securities portfolios, and maintain a high standard of stewardship where we own and operate assets, and we believe in supporting financial well-being through our workplace retirement plans. Today, plan sponsors around the world rely on our retirement plan administration and investment expertise to help their employees plan for, save for, and live a better retirement.

As of September 30, 2020, Manulife Investment Management had CAD$923 billion (US$692 billion) in assets under management and administration. Not all offerings are available in all jurisdictions. For additional information, please visit manulifeim.com.

SOURCE Manulife Investment Management

Related Links

https://www.manulifeim.com/

Hancock Natural Resource Group Announces Tom Sarno as Global Head of Timberland Investments

2020

Hancock Natural Resource Group Announces Tom Sarno as Global Head of Timberland Investments

BOSTON, MA – Hancock Natural Resource Group (HNRG), a Manulife Investment Management company, today announced Tom Sarno as Global Head of Timberland Investments, effective immediately. Previously Mr. Sarno was Senior Managing Director, Head of Timberland and Farmland Property Management Operations at HNRG. He joined HNRG in 2004.

In his new role, Mr. Sarno will have oversight of HNRG’s timber business strategy – an integral part of Manulife Investment Management’s private markets platform. Mr. Sarno’s responsibilities include: Acquisitions and Dispositions, Resource Planning and Analysis, Client Account Management, Economic Research, and Property Management. Mr. Sarno’s appointment reflects his extensive experience in timber investments and operations. He will continue in his role as a member of the HNRG Executive team and report to William Peressini, Chief Executive Officer, HNRG.

“I am pleased that Tom has been selected as the new Global Head of Timberland Investments, said Mr. Peressini. “The confidence that both the HNRG Board and I have in Tom, based on his 25 years of direct experience, including the last 16 years in various capacities of increasing responsibility at HNRG and his contributions in those positions, made him the very best candidate for the role. His depth and breadth of professional and leadership experience help to assure continued success for our clients and stakeholders.”

“I am very excited to lead HNRG’s strategy of developing and managing globally diversified timberland portfolios and providing excellent service to our clients. Our firm has a long track record of providing investors with capital preservation, portfolio diversification and attractive risk and return characteristics. Combined with Sustainability and Responsible Investing (SRI) and natural climate solutions attributes, we believe investors will continue to be attracted to the timberland asset class and HNRG. I look forward to working collaboratively across Manulife Investment Management’s broad private markets team to continue to maximize opportunities for our clients,” added Mr. Sarno.

About Hancock Natural Resource Group

 Hancock Natural Resource Group (HNRG) is part of Manulife Investment Management’s comprehensive Private Markets platform, which includes Private Equity and Credit, Infrastructure, Real Estate, Timber and Agriculture. HNRG’s timber division manages approximately 5.6 million acres of timberland across the United States and in Canada, New Zealand, Australia, and Chile. HNRG’s agricultural investment group oversees approximately 400,000 acres of prime farmland in major agricultural regions of the United States and in Canada and Australia.

About Manulife Investment Management

Manulife Investment Management is the global wealth and asset management segment of Manulife Financial Corporation. We draw on more than 150 years of financial stewardship to partner with clients across our institutional, retail, and retirement businesses globally. Our specialist approach to money management includes the highly differentiated strategies of our fixed-income, specialized equity, multi-asset solutions, and private markets teams—along with access to specialized, unaffiliated asset managers from around the world through our multimanager model. Our personalized, data-driven approach to retirement is focused on delivering financial wellness in retirement plans of all sizes to help plan participants and members retire with dignity.

Headquartered in Toronto, we operate as Manulife Investment Management throughout the world, with the exception of the United States, where the retail and retirement businesses operate as John Hancock Investment Management and John Hancock, respectively; and in Asia and Canada, where the retirement business operates as Manulife. Manulife Investment Management had CAD$832 billion (US$586 billion) in assets under management and administration.* Not all offerings are available in all jurisdictions. For additional information, please visit our website at manulifeinvestmentmgt.com.

* MFC financials in CAD. Global Wealth and Asset Management AUMA as of March 31, 2020, was $832 billion and includes $195 billion of assets managed on behalf of other segments and $139 billion of assets under administration.

Media Contact
Elizabeth Bartlett
Elizabeth_Bartlett@jhancock.com
+1 857 210 2286

2019
Hancock Natural Resource Group Successfully Completes Inaugural Sustainability Examination of Select Managed Agricultural Operations

2019

Hancock Natural Resource Group Successfully Completes Inaugural Sustainability Examination of Select Managed Agricultural Operations

December 2, 2019

Hancock Natural Resource Group Successfully Completes Inaugural Sustainability Examination of Select Managed Agricultural Operations

 Standard Developed to Meet Economic, Environmental, Social and Governance Interests of Investors and the Supply Chain

 BOSTON, MA – Hancock Natural Resource Group (HNRG), a Manulife Investment Management company, has announced that it completed an initial sustainability examination for select managed agricultural operations in the United States. The examination found the operations fully conform to a new sustainable agricultural standard (the Standard) for farmland management which is expected to launch more broadly in 2020. The Standard was developed by the Sustainable Agriculture Working Group* – a coalition of two environmental nonprofit organizations and eight companies, including HNRG, that professionally own and manage over three million farmland acres globally.

“Until recently, the agriculture sector lacked a standard that could work across different scales, crop types, production systems, and geographies. We’re optimistic that this new standard will help bring transparency to the market and drive widespread adoption for the industry,” said Brian Kernohan, Chief Sustainability Officer, HNRG. “We believe this is an important area of focus, especially for investors that want to align their portfolios with environmental, social and governance goals.”

“Sustainability is core to our values as an active investment manager,” added William Peressini, President and CEO, HNRG. “Confirming that we meet this new standard was the next logical step in our ongoing commitment to ESG integration for our clients and the communities in which we operate.”

HNRG commissioned K·Coe Isom, a leading consulting and CPA firm in the food and agriculture industry, to perform this first-of-its-kind independent examination of sustainability performance on managed agricultural operations and determine conformance to the principles, objectives, performance measures and indicators contained within the Standard. K·Coe Isom examined properties in California, Washington and Wisconsin primarily producing almond, pistachio, apple and cranberry varieties. K·Coe Isom’s examination found zero non-conformances, three opportunities for improvement, and 13 notable practices and expressed an opinion that Hancock Natural Resources Group’s agricultural operations in the United States fully conform to the Standard. The results of the examination are available here. Individual company conformance to the standard will be verified through independent third-party examinations.

“HNRG has been at the cutting edge of sustainability for more than two decades,” said Larry Selzer, CEO of The Conservation Fund. “First they were an early leader in the certification of sustainable forestry and now in the emergence of a sustainability standard for agriculture. Along with the other pioneering members of the Sustainable Agriculture Working Group, they have created something that will fundamentally and profoundly improve the transparency of sustainability for consumers, investors and farmers.”

Boyd Corkins, Chief Operating Officer, Hancock Farmland Services added, “We have always believed that ‘good stewardship is good business’ and the inaugural examination confirms that, from an operational perspective, we are safeguarding our most valuable assets, our people and the environment.”

*The SAWG consists of eight professional owner and management entities, representing approximately 1.5 million farmland acres across 22 U.S. states as well as an additional two million acres in seven non-U.S. countries. Two leading environmental nonprofits, The Conservation Fund and Manomet, support the Working Group.

1 MFC financials. Global Wealth and Asset Management AUMA as of September 30, 2019 was C$854 billion and includes C$195 billion of assets managed on behalf of other segments and C$140 billion of assets under administration.


About Hancock Natural Resource Group

Hancock Natural Resource Group (HNRG) is part of Manulife Investment Management’s comprehensive Private Markets platform, which includes Private Equity and Credit, Infrastructure, Real Estate, Timber and Agriculture. HNRG’s timber division manages approximately 5.6 million acres of timberland across the United States and in Canada, New Zealand, Australia, and Chile. HNRG’s agricultural investment group oversees approximately 400,000 acres of prime farmland in major agricultural regions of the United States and in Canada and Australia.

About Manulife Investment Management

Manulife Investment Management is the global wealth and asset management segment of Manulife Financial Corporation. We draw on more than 150 years of financial stewardship to partner with clients across our institutional, retail, and retirement businesses globally. Our specialist approach to money management includes the highly differentiated strategies of our fixed-income, specialized equity, multi-asset solutions, and private markets teams—along with access to specialized, unaffiliated asset managers from around the world through our multimanager model. Our personalized, data-driven approach to retirement is focused on delivering financial wellness in retirement plans of all sizes to help plan participants and members retire with dignity.

Headquartered in Toronto, we operate as Manulife Investment Management throughout the world, with the exception of the United States, where the retail and retirement businesses operate as John Hancock Investment Management and John Hancock, respectively; and in Asia and Canada, where the retirement business operates as Manulife. Manulife Investment Management had C$854 billion (USD$645 billion) in assets under management and administration as of September 30, 20191. Not all offerings available in all jurisdictions. For additional information, please visit our website at manulifeinvestmentmgt.com.

Media Contact
Elizabeth Bartlett
Elizabeth_Bartlett@jhancock.com
+1 857 210 2286
504210
Hancock Natural Resource Group joins WBCSD

2019

Hancock Natural Resource Group joins WBCSD

Geneva, 24 June 2019 – Hancock Natural Resource Group, a Manulife Investment Management company, has today joined nearly 200 forward-thinking companies as the newest member of the World Business Council for Sustainable Development (WBCSD). 

Hancock Natural Resource Group (HNRG) is a worldwide asset manager specializing in global agriculture and timber portfolio development and management.

HNRG’s timber division is the world’s largest global timberland investment manager for institutional investors. The division manages approximately 5.7 million acres of timberland valued at over USD $10.7 billion across Australia, Canada, Chile, New Zealand and the United States.1

The agricultural investment group manages over 380,000 acres of prime farmland in the United States, Canada and Australia, valued at over USD $3.1 billion.1

William E. Peressini, President and Chief Executive Officer of HNRG said: “We are excited to join WBCSD and all its members, who are working together to accelerate the transition to a sustainable world. We believe that good management of environmental, social and corporate governance issues and risks can lead to long-term sustainable returns. As an early adopter of good stewardship practices, we have managed sustainable investment strategies in timber and farmland for many years. Consequently, we are particularly interested in WBCSD’s innovative work in relation to food and nature, and we look forward to being an active member of the Forest Solutions Group.”

WBCSD President and CEO Peter Bakker said “We are pleased to welcome HNRG as WBCSD’s newest member. Sustainable land and forest management is a key issue for the world, as it touches many areas related to the systems that support our planet – across water, soil health, biodiversity, health and nutrition and many others. We can only effect transformational change across these systems by working directly with large-scale businesses such as Hancock.”

HNRG is committed to sustainability and responsible investing, is a member of the Global Impact Investing Network (GIIN), and as a Manulife Investment Management company is a signatory to the United Nations Principles for Responsible Investment (UN PRI).

 

About Manulife Investment Management

Manulife Investment Management is the global wealth and asset management segment of Manulife Financial Corporation. We draw on more than 150 years of financial stewardship to partner with clients across our institutional, retail, and retirement businesses globally. Our specialist approach to money management includes the highly differentiated strategies of our fixed-income, specialized equity, multi-asset solutions, and private markets teams—along with access to specialized, unaffiliated asset managers from around the world through our multimanager model2 3. Our personalized, data-driven approach to retirement is focused on delivering financial wellness in retirement plans of all sizes to help plan participants and members retire with dignity.

Headquartered in Toronto, we operate as Manulife Investment Management throughout the world, with the exception of the United States, where the retail and retirement businesses operate as John Hancock Investment Management and John Hancock, respectively; and in Asia and Canada, where the retirement business operates as Manulife. Manulife Investment Management had C$837 billion in assets under management and administration as of March 31, 20194. Not all offerings available in all jurisdictions. For additional information, please visit our website at manulifeinvestmentmgt.com.

1. As of March 31, 2019

2. Public Markets strategies managed by Manulife Investment Management, formerly known as Manulife Asset Management and John Hancock Asset Management. Manulife Investment Management’s Private Markets platform offers long term solutions across private equity and private credit, real estate equity and debt, infrastructure equity, timberland and farmland.

3. John Hancock Investment Management’s multimanager approach oversees a global network of over 30 unaffiliated asset management firms, managing more than 100 investment strategies, in addition to our affiliated asset managers.

4. Source: MFC financials. Global Wealth and Asset Management AUMA at March 31, 2019 was C$837 billion and includes C$189 billion of assets managed on behalf of other segments and C$134 billion of assets under administration.

2018
Brian Kernohan Named Chief Sustainability Officer for Hancock Natural Resource Group

2018

Brian Kernohan Named Chief Sustainability Officer for Hancock Natural Resource Group

BOSTON (May 7, 2018)—Brian Kernohan has been appointed Chief Sustainability Officer of the Hancock Natural Resource Group, Bill Peressini, HNRG’s President and CEO said today.

In this newly created role, Mr. Kernohan will lead and coordinate HNRG’s stewardship and sustainability programs and activities. He also will continue to work with HNRG’s property management platforms and investment processes in timberland and farmland with respect to property level stewardship, sustainability and certification programs.

Mr. Kernohan, who is based in Michigan, also will continue as HNRG’s Director of Policy and Environmental Advocacy.

“Since joining us in 2012, Brian has been a strong advocate for our stewardship ethic and efforts,” said Mr. Peressini. “He is co-leading our Sustainability and Responsible Investing effort, one of HNRG’s key strategic initiatives. While he will continue to lead our policy and advocacy efforts, his new title reflects the growth in scope and significance of sustainability measures across all aspects of our business.”

In addition to directing the global sustainability program, he partners with timberland and farmland property management operations in developing policies and environmental compliance mechanisms, as well as government relations concerning business and environmental strategies.

Previously he was Manager of Environmental Affairs for Hancock Timber Resource Group Before joining Hancock Timber in 2012, he was Director of Policy at Forest Capital Partners where he was responsible for a variety of programs including forest certification, forest policy, government affairs, public relations, conservation transactions, and ecology support.

Mr. Kernohan holds a B.S. in Wildlife Ecology from Michigan State University and an M.S. in Wildlife Management from South Dakota State University. He is a Certified Wildlife Biologist, a designation accredited by The Wildlife Society.

 

About Hancock Natural Resource Group

Hancock Natural Resource Group is a unit of Manulife Asset Management Private Markets with investments in timber, agriculture, and renewable energy. Based in Boston and on behalf of investors worldwide, HNRG’s timber division manages approximately 6 million acres of timberland across the United States and in Canada, New Zealand, Australia, and Chile. HNRG’s agricultural investment group oversees approximately 300,000 acres of prime farmland in major agricultural regions of the United States and in Canada and Australia.

2017
Hancock Natural Resource Group Names Tom Sarno Managing Director Of Timberland and Farmland Operations

2017

Hancock Natural Resource Group Names Tom Sarno Managing Director Of Timberland and Farmland Operations

BOSTON (September 5, 2017)—Tom Sarno has been named Managing Director of Timberland and Farmland Operations for the Hancock Natural Resource Group, HNRG Chief Executive Officer Bill Peressini said today.

In the newly created position, Mr. Sarno will be responsible for overseeing the global property management operations of the Hancock Timber Resource Group (HTRG) and Hancock Agricultural Investment Group (HAIG).

Based in Charlotte, NC, he will report to both HTRG President Brent Keefer and HAIG President Oliver Williams, and become a member of the HNRG Executive Committee.

Before taking on this role, Mr. Sarno was HTRG’s Director of Global Operations, responsible for the timber group’s property management operations of 5.8 million acres of timberland in the United States, Canada, Chile, Australia and New Zealand. HAIG has approximately 300,000 acres of farmland under management in the Australia, Canada and the United States.

“Tom’s experience, skill and background uniquely position him for this vital role in our organization,” Mr. Peressini said. “Both the timber and agricultural groups will benefit from Tom’s experience in leading, developing and managing best-in-class property management organizations as well as having the benefit of his insight on the HNRG Executive Committee.”

“Having one unified property-management leader for both areas will provide for better efficiencies, resource allocation and sharing of best practices,” Peressini added, “especially in areas that are not domain-specific, such as health, safety, environment, stewardship, sustainability, client return and enhancement strategies, management development and succession planning, risk-management, and resource planning and analysis.”

Mr. Sarno, who joined HNRG in 2004, has served in a number of roles in the organization including Senior Portfolio Manager; General Manager, Southern Division, and Mid-Atlantic Region Manager for Hancock Forest Management. Before joining HNRG, he had worked for International Paper and at Champion International Corporation.

He graduated from the University of Florida with a B.S.in Forest Resources and Conservation.

 

About the Hancock Timber Resource Group

The Hancock Timber Resource Group, founded in 1985, is a division of Hancock Natural Resource Group, Inc., a unit of Manulife Asset Management Private Markets. Based in Boston, it manages approximately 5.8 million acres of timberland in the United States, Brazil, Chile, Canada, New Zealand and Australia on behalf of investors worldwide. Additional information about Hancock Timber may be found at www.hancocktimber.com.

About Manulife Asset Management Private Markets Manulife Asset Management Private Markets has investment expertise in several private asset classes, including commercial real estate, timberland and farmland, biomass renewable energy and oil and gas. Manulife Asset Management Private Markets also partners with Manulife’s specialized private asset investment teams to invest in private placement debt, commercial mortgages, private equity and mezzanine debt. Hancock Natural Resources Group, Manulife Real Estate, John Hancock Real Estate, NAL Resources, Regional Power, Manulife Capital, and Hancock Capital Management are units of Manulife Asset Management Private Markets. As at June 30, 2017, Manulife’s assets under management in private asset classes were C$114 billion (US$88 billion), including assets managed by and for Manulife’s general fund and external clients. Additional information may be found at ManulifeAM.com/PrivateMarkets.

About Manulife Manulife Financial Corporation is a leading international financial services group that helps people achieve their dreams and aspirations by putting customers’ needs first and providing the right advice and solutions. We operate as John Hancock in the United States and Manulife elsewhere. We provide financial advice, insurance, as well as wealth and asset management solutions for individuals, groups and institutions. At the end of 2016, we had approximately 35,000 employees, 70,000 agents, and thousands of distribution partners, serving more than 22 million customers. As of June 30, 2017, we had over $1 trillion (US$780 billion) in assets under management and administration, and in the previous 12 months we made $26.7 billion in payments to our customers. Our principal operations are in Asia, Canada and the United States where we have served customers for more than 100 years. With our global headquarters in Toronto, Canada, we trade as ‘MFC’ on the Toronto, New York, and the Philippine stock exchanges and under ‘945’ in Hong Kong.

2015
HNRG celebrates 30th anniversary
2014
Hancock Natural Resource Group and Masisa Form Forestry Company In Chile

2014

Hancock Natural Resource Group and Masisa Form Forestry Company In Chile

SANTIAGO, CHILE (April 29, 2014)—Following the agreement between the U.S.-based Hancock Natural Resource Group (HNRG) and MASISA that was signed in March, today both companies have signed the relevant contracts by which MASISA will sell to HNRG 80 percent of its forestry holdings covering approximately 62,000 hectares of land, 32,500 hectares of which are planted mostly with radiata pine.

In order to implement the transaction, MASISA transferred the forestry assets located in the areas of Temuco and Valdivia in Chile into a new Chilean company, Hancock Chilean Plantations. HNRG subscribed for 80 percent of the shares of said company, while Masisa retained ownership of the remaining 20 percent. MASISA received US$ 204,460,310, corresponding to the previously reported purchase price plus any qualifying adjustments.

This transaction will provide Masisa with a current consolidated EBITDA estimated at US$ 143.1 million, a net consolidated loss estimated at US$ 6.6 million, and a distributable net income of US$ 114.5 million.

As part of this transaction Hancock Chilean Plantations and MASISA have signed a long-term contract to supply raw materials to the MASISA wood panel facilities in Chile.

MASISA and HNRG have also signed a shareholder agreement regulating their rights and obligations in Hancock Chilean Plantations, which will provide MASISA with an option to purchase in the event that HNRG should wish to sell its shares in the company.

According to the CEO of MASISA, Roberto Salas, “this agreement will allow us to finance our growth plan for 2014 and 2015, strengthen our financial profile and to add a partner with outstanding global experience in the investment and management of forestry assets, which means an important contribution to the overall development of MASISA.”

Salas also added: “with these funds we will finance projects that have attractive return rates and that will contribute to the improvement of the company´s return on investment.”

“We are very pleased to partner with Masisa on this joint venture. We look forward to working with them for years to come, as our organizations share the same high standards for forest management, safety and environmental stewardship,” said HNRG CEO Dan Christensen. “We also are very pleased to acquire these excellent and highly productive forest plantations that are well-suited to our investors’ objectives.”

About the Hancock Timber Resource Group

Hancock Natural Resource Group, Inc., with headquarters in Boston, Massachusetts, United States, is a subsidiary of Manulife Financial Corporation. It manages approximately 2,600,000 hectares of timberland throughout the United States, Brazil, Canada, New Zealand and Australia on behalf of institutional investors globally. Additional information about Hancock Timber may be found at www.hancocktimber.com. All of the Hancock Timber Resource Group’s timberlands in the U.S. are managed by its wholly-owned subsidiary, Hancock Forest Management.

Hancock Farmland Services is launched
2004
Manulife Financial acquires John Hancock and HNRG
2002
Hancock Forest Management is formed
1999
Hancock Natural Resource Group Australia is formed
1995
Hancock Natural Resource Group (HNRG) is established; Hancock Timber Resource Group and Hancock Agricultural Investment Group become divisions of HNRG
1990
Hancock Agricultural Investment Group (HAIG) is established in Boston MA
1985
Hancock Timber Resource Group (HTRG) is established in Boston MA
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