Morgan Stanley Alternative Investment Partners Raises $425 Million for First Morgan Stanley Private Equity Co-Investment Fund I
January 08 2018 - 10:30AM
Business Wire
Morgan Stanley Alternative Investment Partners Private Markets
team (“AIP Private Markets”), an investment team within Morgan
Stanley Investment Management, today announced it has completed the
final close of its first standalone co-investment fund, Private
Equity Co-Investment Fund I (“PECO I”). Commitments to PECO I
totaled $425 million, exceeding AIP Private Markets’ target of $350
million.
PECO I seeks to achieve strong risk-adjusted returns by
investing in a diversified portfolio of direct co-investment
opportunities alongside high-quality private equity sponsors in
buyout and growth transactions across North America and Europe.
Consistent with the investment team’s broader strategy, PECO I
seeks to provide exposure to less efficient market segments and
targets investments with sponsors who can apply specialized skills
to unlock value within portfolio companies.
“AIP Private Markets is a long-standing, deeply resourced and
highly respected co-investor, and we are pleased that our clients
can benefit from our valuation experience and access to a strong
and diverse pipeline of global investment opportunities,” said John
Wolak, Head of AIP Private Markets.
Since inception, AIP Private Markets has invested approximately
$3.5 billion in over 180 co-investment opportunities on behalf of
its globally diversified range of funds and separately managed
accounts.
"We believe that our team’s ability to respond rapidly to
private equity general partners, particularly at the smaller end of
the market, affords us the opportunity to be highly selective in
making investments,” said Neha Champaneria Markle, Managing
Director, AIP Private Markets. “In our view, PECO I provides our
clients with unique exposure to these attractively positioned and
well-vetted private equity assets in a highly efficient way."
PECO I’s investors include institutions such as private and
public pensions, corporations, foundations and family offices, as
well as high net worth individuals, from a broad range of
geographies.
Alternative Investment Partners Private Markets, an investment
team within Morgan Stanley Investment Management, was established
in 2001 and specializes in delivering unique and innovative private
market solutions to a global client base. AIP Private Markets’
built-for-purpose investment team draws on its deep understanding
of private markets strategies formed over decades of investment
experience and seeks to apply this expertise and insight to bring
thoughtful, opportunistic and innovative solutions to clients.
Morgan Stanley Investment Management, together with its
investment advisory affiliates, has more than 581 investment
professionals around the world and $447 billion in assets under
management or supervision as of September 30, 2017. 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/imAbout 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 42
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.
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Media Relations:Morgan StanleyLauren Bellmare, 212-761-5303
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