Anne Valentine Andrews has been named global head of private markets at Manulife Investment Management, effective March 4.
Andrews will succeed Steve Blewitt, a spokesperson said. According to Blewitt's LinkedIn page, he left Manulife IM in June 2023 to take a position at the University of Chicago.
Andrews will "lead all investment teams and direct the overall strategy, business development and growth of Manulife IM's private markets business" said news release Feb. 6.
She and her team will also "work closely with the firm's global product group and the business leads to drive private market product innovation across the institutional, retail and retirement channels," the news release said.
Based in New York, Andrews will report to Paul Lorentz, president and CEO.
Andrews was managing director, global head of infrastructure and real estate at BlackRock. Blackrock declined to comment.
However, on Jan. 12, BlackRock announced that it had agreed to acquire Global Infrastructure Partners, an infrastructure fund manager, for $3 billion in cash and 12 million BlackRock common shares. As part of the agreement, the Global Infrastructure Partners management team, led by Bayo Ogunlesi and four of its founding partners, will lead the combined infrastructure platform at BlackRock.
Manulife IM managed about $120 billion of private markets assets as of Sept. 30.
Manulife IM had total assets under management and administration of C$1.3 trillion ($963 million) as of Sept. 30, the spokesperson added.