Morgan Stanley Investment Management Raises $2 Billion for North Haven Tactical Value II Fund
October 22 2024 - 8:00AM
Business Wire
Morgan Stanley Investment Management today announced it has
closed North Haven Tactical Value II Fund LP (“NHTV II” or the
“Fund”) and affiliated funds at approximately $2 billion of
committed capital, representing a nearly 50 percent increase over
the predecessor fund NHTV I. The Fund seeks to provide credit,
hybrid and non-control equity investments in high-quality companies
across sectors and geographies. Investors in the Fund include some
of the world’s largest and most sophisticated institutional
investors as well as qualified individual investors.
Commenting on the close, Thomas Cahill and Pedro Teixeira,
Co-Heads of Morgan Stanley Tactical Value, said: “We are pleased to
close our second fund to provide investors exposure to a highly
diversified portfolio of uncorrelated investments unconstrained by
the narrower mandates of traditional private equity or private
credit strategies. Our team’s deep in-house structuring
capabilities and breadth of domain expertise across asset classes,
combined with access to the Morgan Stanley platform, position the
Fund to provide nimble, opportunistic capital, often in situations
where broader capital markets solutions are unavailable.”
Leveraging Morgan Stanley’s expansive client relationships and
access to management teams, the investment team originates bespoke
transactions sourced from the Firm’s Global Capital Markets,
Investment Banking, Sales & Trading, Wealth Management and
Investment Management groups. In addition, the investment team
relies on a broad external sourcing network, built over the last
seven years. Combining the two sourcing channels, the team aims to
build a highly selective, low correlation portfolio, benefiting
from downside protection and upside participation.
“We are pleased to have raised $2 billion of committed capital
with the support of our investors,” said David N. Miller, Global
Head of Private Credit and Equity for Morgan Stanley Investment
Management. “The Fund’s differentiated strategy paired with our
team’s expertise and Morgan Stanley’s global network offers a
unique opportunity for investors to build a portfolio with a strong
value proposition.”
About Morgan Stanley Tactical Value Morgan Stanley
Tactical Value is the flexible, non-control private investment
platform within Morgan Stanley Investment Management (MSIM). With a
broad mandate to invest across asset classes, sectors and
geographies, Morgan Stanley Tactical Value is able to tailor
bespoke solutions to meet unique strategic and financial
objectives. The team's expertise, including deep structuring
capabilities, is complemented by Morgan Stanley's extensive network
and global capabilities to drive differentiated capital solutions
for companies, founders, sponsors, and stakeholders. For more
information, please visit
www.morganstanley.com/im/tacticalvalue.
Morgan Stanley Investment Management Morgan Stanley
Investment Management, together with its investment advisory
affiliates, has more than 1,400 investment professionals around the
world and $1.6 trillion in assets under management or supervision
as of September 30, 2024. 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.
About Morgan Stanley Morgan Stanley (NYSE: MS) is a
leading global financial services firm providing a wide range of
investment banking, securities, wealth management and investment
management services. With offices in 42 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.
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Media Relations Contact: alyson.barnes@morganstanley.com
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