Morgan Stanley Alternative Investment Partners Raises over $500 Million for Phoenix Global Real Estate Secondaries Fund II & ...
February 24 2015 - 10:00AM
Business Wire
Morgan Stanley Alternative Investment Partners (AIP) has
recently closed on over $500 million in commitments from global
pension funds, sovereign wealth funds, insurance companies, and
high net worth individuals for AIP Phoenix Global Real Estate
Secondaries Fund II (Phoenix II) and other real estate fund of
funds separate accounts. Phoenix II will focus primarily on
acquiring secondary interests in private equity real estate funds
and making co-investments alongside fund managers.
“We are extremely pleased with the success of our fundraising in
2014,” said Paul Vosper, COO and Co-Head of the AIP Real Estate
group. “This is further recognition of the team’s ability to
provide investors with a focused, high value investment
strategy.”
“Our approach is characterized by a disciplined investment
strategy and process that aims to deliver strong, consistent
performance through real estate cycles,” said David Boyle, CIO and
Co-Head. “Key to that approach has been our ability to partner with
what we believe are leading small- to mid-sized fund managers
around the world − groups that we believe have a competitive edge
in their local market and are able to generate returns through
fundamental analysis.”
Arthur Lev, Head of AIP, added, “At Morgan Stanley AIP, we seek
to provide access to a diverse set of solutions across a wide range
of alternative investments. This latest successful fundraising
demonstrates how our deep experience and world-class investment
talent resonates with clients.”
The AIP Real Estate group is based in New York, London and Hong
Kong.
Morgan Stanley Alternative Investment Partners (AIP), part of
Morgan Stanley Investment Management, specializes in assisting
institutional and high net worth investors achieve their goals
through the design and management of alternative investment
programs. Our investment teams have broad expertise in fund
investing, secondaries and co-investing across hedge fund, private
equity, real estate and multi-asset class strategies. Our solutions
include custom alternative investment portfolios, completion
strategies, diversified and opportunistic multi-manager strategies
and fiduciary management. Established in 2000, AIP has
approximately $37.2 billion in assets under management and
advisement. 1
Morgan Stanley (NYSE:MS) is a leading global financial services
firm providing investment banking, securities, investment
management and wealth 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.
All reasonable steps have been taken to ensure that, as at the
date of preparation, the information contained herein is true and
accurate in all material respects. The information presented does
not constitute, and should not be construed as, investment advice
or recommendations with respect to the investments mentioned.
Moreover, neither the information nor any opinion expressed
constitutes a solicitation for the purchase or sale of any
investment.
1 As of December 31, 2014. Presented in U.S. Dollars. Morgan
Stanley AIP’s total assets of approximately $37.2 billion comprises
approximately $29.1 billion of assets under management (AUM) and
approximately $8 billion of assets under advisement. Approximately
$1.5 billion of assets cross-invested across AIP product lines have
been subtracted from the total so as to avoid double-counting. AUM
is based on (i) total net asset value of its fund-of-hedge-funds
managed investment vehicles and separate accounts; (ii) value of
all partners’ capital accounts and investors’ invested capital,
plus their respective unfunded commitments, of private equity funds
of funds and private equity separate accounts; and (iii) value of
all partners’ capital accounts and investors’ invested capital,
plus their respective unfunded commitments, of real estate funds of
funds and real estate separate accounts. The value of private
equity and real estate assets under management in separate accounts
not solely dedicated to private equity or real estate investments
managed by the relevant team is defined as the carrying value of
all private equity or real estate assets, plus unfunded private
equity or real estate commitments.
Morgan Stanley Alternative Investment PartnersMedia
RelationsMatt Burkhard, 212-761-2444
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