Friday, 31 July 2015
Last updated 9 hours ago
Apr 12 2012 | 11:08am ET
Morgan Stanley has closed its latest fund of private equity funds with $1.3 billion in commitments.
Fundraising for the Morgan Stanley Private Markets Fund V exceeded its $1.25 billion target, leading Morgan Stanley Alternative Investment Partners chief Jacques Chappuis to say, "We are very gratified by the success of our business-development efforts in this challenging fundraising environment."
Private Markets V will invest in global private equity managers, including buyout specialists, venture capital firms and special situations strategies.
Investors committed $720 million to the fund itself, and another $580 million to related accounts.
May 27 2015 | 2:15pm ET
Support Hedge Funds Care, also known as Help For Children (HFC), by participating in this year's raffle. All proceeds go to support HFC's mission of preventing and treating child abuse. Read more…