Morgan Stanley Merchant Banking & Real Estate Investing, the Firm’s direct private investing platform, today announced a change in the name that will be used for a number of its investment funds. The Volcker Rule section of the Dodd-Frank Act requires certain changes to banks’ sponsorship of private investment funds, including the requirement that banks not include their own name as part of the name for these funds. In line with this regulatory requirement, Merchant Banking & Real Estate Investing will adopt North Haven as the new name for its closed-end strategies across private equity, real assets and credit.
Ed Moriarty, Head of Merchant Banking & Real Estate Investing said, “Regulatory developments have required a modification in the names of our closed-end strategies. Importantly, our investment philosophy remains unchanged, and Morgan Stanley Merchant Banking & Real Estate Investing will continue to serve clients by implementing a disciplined investment approach that emphasizes consistency and value creation.”
The new North Haven name references the location in Maine where Morgan Stanley’s original partners met and founded the Firm nearly eighty years ago. The choice of the name reflects Morgan Stanley’s long tradition of applying unparalleled intellectual capital to the evolving needs of sophisticated investors around the world.
Gregory J. Fleming, President of Morgan Stanley Investment Management, said, “Merchant Banking & Real Estate Investing is a key part of Morgan Stanley Investment Management and our overall Morgan Stanley strategy. We see a lot of positive momentum, driven by talented investment professionals and skilled business leaders. These are great businesses, for our clients and for our Firm.”
Morgan Stanley Merchant Banking & Real Estate Investing is the Firm’s direct private investing group that puts capital to work on behalf of a diverse client base, including governments, institutions, corporations and individuals worldwide. Merchant Banking & Real Estate Investing employs a consistent, proven value-creation approach across a full range of strategies, including private equity, real assets and credit. From 22 locations around the world, over 400 experienced professionals with extensive private markets expertise and access to Morgan Stanley’s global franchise provide an unparalleled network to source investment intelligence and opportunities. Merchant Banking & Real Estate Investing’s deep resources include best-in-class reporting, operations and risk management, providing investors with a comprehensive approach to disciplined investing.
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 further information about Morgan Stanley, please visit www.morganstanley.com.