Morgan Stanley Raises $1.7 Billion for Global Real Estate Fund
August 05 2015 - 8:00AM
Business Wire
Morgan Stanley Real Estate Investing (MSREI) today announced
that it has raised aggregate commitments of approximately $1.7
billion for North Haven Real Estate Fund VIII Global (G8) and
related co-investment vehicles.
“MSREI delivers an exceptional combination of industry
expertise, local market presence and global perspective, and the
success of this capital raise reflects how our clients have
recognized and responded to these strengths,” said Ed Moriarty,
Head of Merchant Banking & Real Estate Investing (MB&REI).
“As part of the MB&REI platform, the Real Estate Investing team
has access to Morgan Stanley’s global network as well as deep
resources dedicated to providing best-in-class operations,
reporting and risk management.”
“G8’s flexible, global mandate allows us to look across all of
our markets and select those opportunities which we believe offer
the best risk-adjusted returns,” said Olivier de Poulpiquet,
Co-Chief Executive Officer and Co-Chief Investment Officer for
MSREI. “The G8 investment program is well underway, with
transactions already closed in the U.S., UK, Austria, Japan and
Australia.”
“Our partners in G8 are a sophisticated group of public and
private pension funds, sovereign wealth funds, insurance companies,
family offices and individuals from around the world,” said John
Klopp, Co-Chief Executive Officer and Co-Chief Investment Officer
for MSREI. “We will apply the same philosophy and patient,
disciplined approach to investing their capital that we do across
all of our strategies.”
Morgan Stanley Real Estate Investing is a leading global real
estate investment platform which has been one of the most active
property investors in the world for more than two decades. MSREI
employs a patient, disciplined investment approach to manage global
opportunistic to core investment strategies on behalf of its
clients. With offices throughout the U.S., Europe and Asia,
regional teams of dedicated real estate professionals combine a
unique global perspective with local presence and significant
transaction execution expertise.
North Haven is the closed-end fund family of Morgan Stanley
Merchant Banking & Real Estate Investing, the direct private
investing business of Morgan Stanley. MB&REI employs a
consistent, proven value-creation approach across a full range of
strategies, including private equity, real assets, and credit. From
25 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.
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.
View source
version on businesswire.com: http://www.businesswire.com/news/home/20150805005353/en/
For Morgan StanleyMedia RelationsMatt Burkhard, 212-761-2444
Morgan Stanley (NYSE:MS)
Historical Stock Chart
From Mar 2024 to Apr 2024
Morgan Stanley (NYSE:MS)
Historical Stock Chart
From Apr 2023 to Apr 2024