BOSTON, March 31, 2014 /PRNewswire/ -- Manulife Asset Management Private Markets today announced that Ilene Kelman, CFA, has joined the organization as Marketing Director for Private Placements and Commercial Mortgages. In this new position, Ms. Kelman, who is based in New York City, is responsible for marketing the investment capabilities of Manulife's private placement debt and commercial mortgage teams. "Ilene has nearly 20 years of industry experience and brings with her a deep understanding of the needs of investors in the institutional marketplace," said Kevin Adolphe, President and Chief Executive Officer, Manulife Asset Management Private Markets. "We are very pleased to have her on our team as we grow this new business." Manulife Asset Management Private Markets, a unit of Manulife Financial Corporation, was launched late last year. It brings together specialized private asset teams that currently manage funds for third party investors, as well as provide investors with access to Manulife's other specialized private asset investment teams that historically have primarily served the company's general account. The private placement debt team, which has approximately US$22 billion ( C$ 23 billion) in assets under management (AUM) as at December 31, 2013, invests globally across a full range of utility, industrial, and financial corporations as well as power, energy, renewable energy and transportation projects. The commercial mortgages team, which has approximately US$20 billion ( C$ 21 billion) in AUM as at December 31, 2013, provides financing on a diverse mix of office, retail, multi-family, and industrial properties across Canada and the United States. Loans are sourced through its regional office network. "I'm very excited to be part of Manulife and work with the deep and highly experienced private placement debt and commercial mortgages teams. Our private placement team has among the most highly regarded experts in the industry, each with extensive knowledge of the sectors and companies they cover. The commercial mortgages team is also filled with industry experts and, with 14 offices across North America, has in depth knowledge of the areas where we invest," Ms. Kelman said. "Manulife has invested successfully in these asset classes for decades. I see tremendous opportunity to now leverage all of this knowledge and expertise to meet the needs of a wide variety of institutional investors," she added.