Morgan Stanley Investment Management Raises $2 Billion for North Haven Tactical Value II Fund
Morgan Stanley Investment Management has successfully closed its North Haven Tactical Value II Fund LP (NHTV II) and affiliated funds, raising approximately $2 billion in committed capital. This represents a nearly 50% increase over the predecessor fund NHTV I. The Fund aims to provide credit, hybrid, and non-control equity investments in high-quality companies across various sectors and geographies.
Investors include some of the world's largest institutional investors and qualified individual investors. The Fund's strategy leverages Morgan Stanley's extensive client relationships and access to management teams, sourcing transactions from various internal groups and external networks. This approach allows the team to build a highly selective, low correlation portfolio with downside protection and upside participation potential.
Morgan Stanley Investment Management ha chiuso con successo il suo North Haven Tactical Value II Fund LP (NHTV II) e i fondi affiliati, raccogliendo circa 2 miliardi di dollari in capitale impegnato. Questo rappresenta un aumento di quasi 50% rispetto al fondo predecessore NHTV I. Il fondo mira a fornire investimenti in crediti, ibridi e capitale azionario non di controllo in aziende di alta qualità in vari settori e geografie.
Gli investitori includono alcuni dei più grandi investitori istituzionali e investitori individuali qualificati del mondo. La strategia del fondo sfrutta le ampie relazioni con i clienti di Morgan Stanley e l'accesso ai team di gestione, attingendo a transazioni da vari gruppi interni e reti esterne. Questo approccio consente al team di costruire un portafoglio altamente selettivo, a bassa correlazione con protezione al ribasso e potenziale di partecipazione al rialzo.
Morgan Stanley Investment Management ha cerrado con éxito su North Haven Tactical Value II Fund LP (NHTV II) y los fondos afiliados, recaudando aproximadamente 2 mil millones de dólares en capital comprometido. Esto representa un aumento de casi 50% respecto al fondo anterior NHTV I. El fondo tiene como objetivo proporcionar inversiones en crédito, híbridas y de capital no de control en empresas de alta calidad en diversos sectores y geografías.
Los inversionistas incluyen a algunos de los mayores inversionistas institucionales y a inversionistas individuales calificados del mundo. La estrategia del fondo aprovecha las amplias relaciones con los clientes de Morgan Stanley y el acceso a los equipos de gestión, obteniendo transacciones de varios grupos internos y redes externas. Este enfoque permite al equipo construir un portafolio altamente selectivo, de baja correlación con protección a la baja y potencial de participación al alza.
모건 스탠리 투자 관리가 North Haven Tactical Value II Fund LP (NHTV II)와 관련 펀드를 성공적으로 마감하며 약 20억 달러의 자본을 모집했습니다. 이는 이전 펀드 NHTV I에 비해 거의 50% 증가한 수치입니다. 이 펀드는 다양한 섹터와 지리적 영역에서 고품질 기업에 대한 신용, 하이브리드 및 비지배적 자본 투자를 제공하는 것을 목표로 합니다.
투자자에는 세계 최대의 기관 투자자와 자격 있는 개인 투자자들이 포함됩니다. 펀드의 전략은 모건 스탠리의 광범위한 고객 관계와 관리 팀에 대한 접근을 활용하며, 다양한 내부 그룹 및 외부 네트워크에서 거래를 조달합니다. 이 접근 방식은 팀이 매우 선택적이고 낮은 상관관계를 가진 포트폴리오를 구축할 수 있도록 하며, 하락 보호와 상승 참여 가능성을 제공합니다.
Morgan Stanley Investment Management a clôturé avec succès son North Haven Tactical Value II Fund LP (NHTV II) et les fonds affiliés, levant environ 2 milliards de dollars en capital engagé. Cela représente une augmentation de près de 50% par rapport au fonds précédent NHTV I. Le fonds vise à fournir des investissements en crédit, hybrides et en actions non contrôlées dans des entreprises de haute qualité à travers divers secteurs et géographies.
Les investisseurs comprennent certains des plus grands investisseurs institutionnels et investisseurs individuels qualifiés au monde. La stratégie du fonds tire parti des relations étendues de Morgan Stanley avec ses clients et de l'accès aux équipes de direction, en recherchant des transactions à partir de divers groupes internes et réseaux externes. Cette approche permet à l'équipe de construire un portefeuille hautement sélectif, à faible corrélation avec une protection à la baisse et un potentiel de participation à la hausse.
Morgan Stanley Investment Management hat erfolgreich seinen North Haven Tactical Value II Fund LP (NHTV II) und die angeschlossenen Fonds geschlossen und dabei rund 2 Milliarden Dollar an zugesicherten Mitteln akquiriert. Dies stellt ein fast 50%iges Wachstum im Vergleich zum Vorgängerfonds NHTV I dar. Der Fonds zielt darauf ab, Kredit-, Hybrid- und Non-Control-Equity-Investments in hochwertigen Unternehmen aus verschiedenen Sektoren und geografischen Regionen zu bieten.
Zu den Investoren gehören einige der weltweit größten institutionellen Investoren sowie qualifizierte Privatinvestoren. Die Strategie des Fonds nutzt die umfangreichen Kundenbeziehungen von Morgan Stanley und den Zugang zu Management-Teams, indem Transaktionen aus verschiedenen internen Gruppen und externen Netzwerken bezogen werden. Dieser Ansatz ermöglicht es dem Team, ein hoch selektives, niedrig korreliertes Portfolio mit Abwärtsschutz und Aufwärtspotenzial aufzubauen.
- Raised $2 billion in committed capital for NHTV II Fund
- Nearly 50% increase in capital raised compared to predecessor fund
- Diverse investor base including large institutional and qualified individual investors
- Access to Morgan Stanley's global network and client relationships for deal sourcing
- None.
Insights
The successful closing of Morgan Stanley's North Haven Tactical Value II Fund (NHTV II) at
The fund's focus on providing credit, hybrid and non-control equity investments across various sectors and geographies offers a diversified approach that may appeal to investors seeking uncorrelated returns. This strategy could potentially provide a hedge against market volatility and economic uncertainties.
For Morgan Stanley (MS), this fundraising success could translate into increased fee-based revenue streams, enhancing the firm's profitability in its Investment Management segment. The ability to attract "some of the world's largest and most sophisticated institutional investors" also reinforces Morgan Stanley's position as a leading player in alternative investments.
The fund's unique positioning, leveraging Morgan Stanley's extensive network and cross-divisional sourcing capabilities, could provide a competitive advantage in deal origination and execution. This synergistic approach may lead to enhanced returns and further strengthen the firm's reputation in private markets investing.
The successful raise of
The
The fund's focus on "high-quality companies across sectors and geographies" indicates a potentially lower-risk approach that may be attractive in the current economic climate. The ability to provide "nimble, opportunistic capital" in situations where traditional financing may be unavailable could position the fund to capitalize on market dislocations and special situations.
For the broader market, this successful fundraise may signal continued investor appetite for alternative strategies that can navigate complex market conditions, potentially influencing other asset managers to develop similar offerings.
Commenting on the close, Thomas Cahill and Pedro Teixeira, Co-Heads of Morgan Stanley Tactical Value, said: “We are pleased to close our second fund to provide investors exposure to a highly diversified portfolio of uncorrelated investments unconstrained by the narrower mandates of traditional private equity or private credit strategies. Our team’s deep in-house structuring capabilities and breadth of domain expertise across asset classes, combined with access to the Morgan Stanley platform, position the Fund to provide nimble, opportunistic capital, often in situations where broader capital markets solutions are unavailable.”
Leveraging Morgan Stanley’s expansive client relationships and access to management teams, the investment team originates bespoke transactions sourced from the Firm’s Global Capital Markets, Investment Banking, Sales & Trading, Wealth Management and Investment Management groups. In addition, the investment team relies on a broad external sourcing network, built over the last seven years. Combining the two sourcing channels, the team aims to build a highly selective, low correlation portfolio, benefiting from downside protection and upside participation.
“We are pleased to have raised
About Morgan Stanley Tactical Value
Morgan Stanley Tactical Value is the flexible, non-control private investment platform within Morgan Stanley Investment Management (MSIM). With a broad mandate to invest across asset classes, sectors and geographies, Morgan Stanley Tactical Value is able to tailor bespoke solutions to meet unique strategic and financial objectives. The team's expertise, including deep structuring capabilities, is complemented by Morgan Stanley's extensive network and global capabilities to drive differentiated capital solutions for companies, founders, sponsors, and stakeholders. For more information, please visit www.morganstanley.com/im/tacticalvalue.
Morgan Stanley Investment Management
Morgan Stanley Investment Management, together with its investment advisory affiliates, has more than 1,400 investment professionals around the world and
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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Media Relations Contact: alyson.barnes@morganstanley.com
Source: Morgan Stanley Investment Management
FAQ
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