Manulife Private Credit Fund

What Do They Do?

Offers fund shares to accredited, non-U.S. and other eligible investors, and invests in loans to private middle-market U.S. companies.

How Do They Make Money?

The Fund earns interest on its debt investments and may receive dividends and other distributions on equity holdings, along with fees for commitments, loan closings, origination, monitoring, consulting and prepayments.

FY2025 revenue

Who Are Their Customers?

The Fund offers shares through private placements to accredited investors, non-U.S. investors and others eligible for a private placement; it holds monthly closings and issues shares for immediate cash investment.

Do Revenues Turn Into Profits?

Yes. It kept 96 cents of every revenue dollar as net income in FY2025.

Net income, FY2025

96% of revenue

▲ +40% vs FY2024 ($8.8M, 102%)

How Are They Changing?

Since the FY2025 annual report

Latest quarter: Q2 FY2026, the three months to Jun 30, 2026

Revenue: ▲ +22%; vs $3.1M in Q2 FY2025
Net income: ▲ +14%; vs $2.3M in Q2 FY2025

Jun 23, 2026 Signed an agreement to merge with John Hancock Comvest Private Income Fund The plan calls for MPCF to merge into JHCPIF, which would survive, subject to conditions and shareholder approvals.

Growing. Revenue grew 48% in 1 year, from $8.6M in FY2024 to $12.7M in FY2025, about 48% a year.

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