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Morgan Stanley Investment Management Raises $2 Billion for North Haven Capital Partners VII
Rhea-AI Impact
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Rhea-AI Sentiment
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Rhea-AI Summary
Morgan Stanley Capital Partners has successfully raised $2 billion for its North Haven Capital Partners VII fund, exceeding its initial target by over 40%. This fund surpassed the previous North Haven Capital Partners VI fund in size. Key investors include institutional players and those sourced through Morgan Stanley Wealth Management. The fund will continue its focus on middle-market investments in various sectors, having already committed approximately 42% of its capital to six investments, including a recent acquisition.
Positive
Raised $2 billion for North Haven Capital Partners VII, exceeding the target by over 40%.
Surpassed the size of predecessor fund North Haven Capital Partners VI.
Strong investor support from institutional investors.
Targeting multiple sectors with a focus on middle-market investments.
Negative
None.
NEW YORK--(BUSINESS WIRE)--
Morgan Stanley Capital Partners, the Private Equity team within Morgan Stanley Investment Management, today announced that it has raised $2 billion for North Haven Capital Partners VII and its related funds (collectively, NHCP VII or the Fund), exceeding its original fundraising target and surpassing the size of its predecessor fund, North Haven Capital Partners VI (NHCP VI), by more than 40%.
Aaron Sack, Head of Morgan Stanley Capital Partners, added: “Our multi-year industry evaluations and deep sector focus has resulted in an industry expertise, proprietary deal flow and operational value-add that we believe is truly unmatched in the middle market. We have a cohesive team with a successful history of working together and we look forward to continuing that success with this vintage.”
Investors include sophisticated institutions as well as investors sourced by Morgan Stanley Wealth Management from around the world. The significant increase in commitments relative to NHCP VI was driven primarily by increased commitments among institutional investors.
“We are extremely pleased by the strong investor support for NHCP VII,” said David N. Miller, Head of Private Credit and Equity for Morgan Stanley Investment Management. “We believe the team differentiates itself by bringing a unique value creation process to the middle market that leverages dedicated, outsized operational resources along with the benefits of Morgan Stanley’s brand and relationships.”
NHCP VII continues the team’s successful middle market strategy of investing with a focus in the United States, targeting opportunities in Business Services, Consumer, Education, Healthcare, and Industrial sectors. The recently announced acquisition of SpendMend represents MSCP’s sixth investment within NHCP VII bringing total invested capital to approximately 42% of commitments. In addition to making the first five investments in Fund VII in 2020 and 2021, MSCP realized six monetizations from its prior funds during that time. The team targets control investments specializing in founder recapitalizations and platform build-ups.
About Morgan Stanley Capital Partners
Morgan Stanley Capital Partners, part of Morgan Stanley Investment Management, is a leading middle-market private equity platform that has invested capital in a broad spectrum of industries for over three decades. Morgan Stanley Capital Partners focuses on privately negotiated equity and equity-related investments primarily in North America and seeks to create value in portfolio companies primarily in a series of subsectors in the business services, consumer, healthcare, education and industrials markets with an emphasis on driving significant organic and acquisition growth through an operationally focused approach. For further information about Morgan Stanley Capital Partners, please visit www.morganstanley.com/im/capitalpartners.
About Morgan Stanley Investment Management
Morgan Stanley Investment Management, together with its investment advisory affiliates, has more than 767 investment professionals around the world and $1.6 trillion in assets under management or supervision as of December 31, 2021. 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 investment banking, securities, wealth management and investment management services. With offices in more than 41 countries, the Firm's employees serve clients worldwide including corporations, governments, institutions and individuals. For more information about Morgan Stanley, please visit www.morganstanley.com.
