Morgan Stanley Investment Management Raises More Than $125 Million for Its First Global Impact Fund
May 17 2017 - 10:30AM
Business Wire
Morgan Stanley Investment Management has raised more than $125
million in final commitments for its first global impact fund, PMF
Integro Fund I (“Integro” or the “Fund”). Launched in partnership
with the Morgan Stanley Institute for Sustainable Investing (the
“Institute”), Integro invests in private equity funds that offer
the potential for compelling financial return while demonstrating
positive environmental impact, social impact or both. The fund is
managed by AIP Private Markets, the private markets solutions team
within Morgan Stanley Investment Management.
“Sustainable Investing is an incredibly important part of our
Firm’s DNA, and the launch of Integro underscores our commitment to
promote sustainable finance solutions while serving the needs of
our clients,” said James Gorman, Chairman and CEO of Morgan
Stanley. “From education and healthcare in South Asia, to financial
inclusion in South America, the Fund epitomizes our belief as a
firm that there are opportunities for investors of all types to
pursue both positive financial return and sustainable impact.”
Audrey Choi, CEO of the Morgan Stanley Institute for Sustainable
Investing added, “Morgan Stanley is dedicated to providing exciting
sustainable and impact investing opportunities to our diverse
client base. We believe that the team’s deep investment experience,
impressive track record and focus on innovation makes Integro an
attractive opportunity for our clients.”
Integro targets private equity funds with high organic growth
that will drive strong financial returns and meaningful positive
impact. The Fund seeks to provide investors with exposure to a
portfolio that is diversified by geography, theme and impact
outcomes. The AIP Private Markets team believes that this approach
will maximize commercial returns to investors and increase access
to quality jobs, education and healthcare, among other socially
beneficial outcomes, for underserved populations. In addition,
Integro targets funds that strive to impact the environment in a
positive manner and reduce the effects of climate change. While the
Fund seeks geographic diversification, consistent with the team’s
views on the best way to achieve broad and large-scale positive
impact, the likely focus of the majority of the Fund’s underlying
managers will be on opportunities in emerging and frontier markets.
In addition, Integro plans to provide detailed, impact-related
reporting alongside traditional financial statements for all
investors.
“We are very pleased to offer this innovative new Fund,” said
John Wolak, Head of AIP Private Markets. “I believe Integro
provides a compelling solution for our institutional and high net
worth clients who are increasingly seeking investment options that
target the strong commercial returns that they have come to expect
from our team, coupled with demonstrable and measurable social and
environmental impact. We view Integro and this initiative as an
important component of the broader suite of strategic solutions we
are able to offer clients through our comprehensive private markets
platform.”
The AIP Private Markets team, part of Morgan Stanley Investment
Management, provides innovative private markets solutions to a
global client base. AIP’s built-for-purpose investment team draws
on its deep understanding of private markets strategies formed over
decades of investment experience and applies this expertise and
insight to bring thoughtful, opportunistic and innovative solutions
to clients. For further information about the AIP Private Markets
team, please visit www.morganstanley.com/im.
Morgan Stanley Investment Management, together with its
investment advisory affiliates, has more than 581 investment
professionals around the world and $421 billion in assets under
management or supervision as of March 31, 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/im.
The Morgan Stanley Institute for Sustainable Investing is
dedicated to accelerating the adoption of sustainable investing.
The Institute partners across the firm to pioneer scalable
sustainable finance solutions, build new sustainable investing
tools and generate industry leading insights that inform and
empower investors. For further information about the Institute,
please visit morganstanley.com /sustainableinvesting.
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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Morgan StanleyMedia Relations:Sarah Higgins,
212-296-3648orLauren Bellmare, 212-761-5303
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