Friday, 29 July 2016
Last updated 1 hour 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.