Manulife John Hancock and Great Gray to Launch Target-Date CITs with Private Market Exposure
Manulife John Hancock Retirement has announced a collaboration with Great Gray Trust Company to launch 'Lifetime Blend+', a new suite of target-date collective investment trusts (CITs). The proposed funds aim to address longer retirement lifespans by integrating private market assets—including private equity, credit, infrastructure, and real estate—into a daily-valued vehicle designed for defined contribution plans. The Lifetime Blend+ strategy is expected to allocate up to 20% of its portfolio to private markets, with the remainder held in Manulife-affiliated CITs and stable value products. To provide diversified exposure, the funds will utilize external managers such as Apollo Global Management, J.P. Morgan Asset Management, StepStone Group, and Townsend, alongside Manulife's internal investment teams.
Topics: Collective Investment Trusts Investment Products Private Markets Retirement Planning