Morgan Stanley Capital Partners, the Private Equity team within Morgan Stanley Investment Management, today announced that it has raised over $1.5 billion for North Haven Capital Partners VI and its related funds (collectively, NHCP VI or the Fund) and committed co-investments. The Fund builds on Morgan Stanley Capital Partners’ (“MSCP”) heritage of leveraging differentiated resources to drive value creation in the middle market. Investors in NHCP VI, the successor fund to North Haven Capital Partners V, include some of the world’s largest and most sophisticated institutional private equity investors and build on strong support from both institutional and individual investors from predecessor funds.
“We are pleased that investors have once again placed their trust in us and recognize that NHCP VI will seek to continue MSCP’s prior investment success,” said David N. Miller, Head of Private Credit and Equity for Morgan Stanley Investment Management. “The team brings unique resources to the middle market by combining MSCP’s expertise and network with Morgan Stanley’s global franchise.”
MSCP makes control-oriented investments primarily in North America and targets B2B services, consumer, and industrial segments. The Fund leverages the vast global resources, relationships and expertise of Morgan Stanley with a disciplined investment approach. The team pursues opportunities in which they are uniquely positioned to add value through advantaged sourcing, distinct perspectives for operational improvement, and industry expertise and relationships.
“Our team’s operationally focused approach to generating alpha resonated with investors, and the Fund had especially strong backing from institutional clients,” said Alan Jones, Co-Head of Morgan Stanley Private Equity. “By focusing on middle market opportunities where the team has a distinct advantage to create and unlock value, we believe we are well positioned to deliver strong investment performance. Our capital raise exceeded its predecessor fund, underscoring the team’s successful track record and client demand for our differentiated offering.”
Aaron Sack, Co-Head of Morgan Stanley Private Equity, said: “MSCP has a history of supporting management teams in value creation through growth initiatives and operational improvements. NHCP VI, our newest vehicle, seeks to continue MSCP’s legacy of success and has already deployed over $378 million across six investments.”
About Morgan Stanley Private Equity
Morgan Stanley Private Equity, the middle-market focused private equity business 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 two decades. Morgan Stanley Private Equity focuses on privately negotiated equity and equity-related investments primarily in North America, as well as Europe and other regions and seeks to create value in portfolio companies primarily through operational improvement. For further information about Morgan Stanley Private Equity, please visit www.morganstanley.com.
About Morgan Stanley Investment Management
Morgan Stanley Investment Management, together with its investment advisory affiliates, has more than 590 investment professionals around the world and $417 billion in assets under management or supervision as of September 30, 2016. 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.
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 43 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.