Morgan Stanley Investment Management Raises $1.2Bn for Later-Stage Growth Equity and Credit Investments
07 Dezember 2023 - 2:15PM
Business Wire
Morgan Stanley Investment Management (“MSIM”) announced today
that it has closed on approximately $1.2 billion of total equity
capital commitments for North Haven Expansion Equity IX and North
Haven Expansion Credit II to fund later-stage growth equity and
credit investments in the technology, healthcare, consumer, digital
media and other high-growth sectors. The funds, managed by Morgan
Stanley Expansion Capital (“Expansion Capital”), exceeded the
target total raise of $850 million by over 40%.
Pete Chung, Head of Expansion Capital commented: “As a global
brand targeting later-stage, private companies where the same
investment team has the flexibility to offer either equity or
credit solutions, we believe these two new funds will allow
Expansion Capital to continue our long history of providing bespoke
financing solutions just as the market is seeing a pullback from
both growth equity investors and venture lenders. Our consistent
emphasis on disciplined, efficient portfolio company financial
performance remains core to our strategy and is a fundamental
component of our success as a platform.”
Part of MSIM’s $230 billion alternative investments business,
Expansion Capital predominantly invests in later-stage private
companies with established products and services that are seeking
capital to scale revenue and expand business operations. For over
three decades, Expansion Capital has successfully pursued growth
investment opportunities and has completed investments in over 200
companies, leveraging the global brand and network of Morgan
Stanley.
“We are pleased to have the continued support of our investors
for both of these strategies,” said David N. Miller, Head of Morgan
Stanley Private Credit & Equity. “The Expansion Capital team
brings a deep growth investing and industry expertise, supported by
Morgan Stanley’s global resources and brand.”
About Morgan Stanley Investment Management
Morgan Stanley Investment Management, together with its
investment advisory affiliates, has more than 1,300 investment
professionals around the world and $1.4 trillion in assets under
management or supervision as of September 30, 2023. Morgan Stanley
Investment Management strives to provide outstanding long-term
investment performance, service, and a comprehensive suite of
investment management solutions to a diverse client base, which
includes governments, institutions, corporations and individuals
worldwide. For further information about Morgan Stanley Investment
Management, please visit www.morganstanley.com/im.
About Morgan Stanley
Morgan Stanley (NYSE: MS) is a leading global financial services
firm providing a wide range of investment banking, securities,
wealth management and investment management services. With offices
in 42 countries, the Firm’s employees serve clients worldwide
including corporations, governments, institutions and individuals.
For further information about Morgan Stanley, please visit
www.morganstanley.com.
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