Thursday, 26 November 2015
Last updated 1 day ago
Jul 8 2014 | 7:30am ET
Investors have flocked to Morgan Stanley’s fourth Asian private-equity fund, committing US$200 million more than the firm initially sought.
Morgan Stanley Private Equity Asia IV has closed with US$1.7 billion, exceeding both its target and predecessor, which netted US$1.5 billion, the bank said yesterday. The new fund—which has already made a pair of investments and is finalizing two more—will focus on China and South Korea.
Half of the money raised will be invested in China and 30% in South Korea. The remainder will go elsewhere in the region, including to India and Taiwan. One of the fund’s first two investments went to a company in the former.
Given new restrictions on banks’ p.e. investments, Morgan Stanley was only able to contribute US$50 million to the new fund, compared to the US$400 million it invested in the last. The bank credited growing interest among U.S., European and Middle Eastern investors for its success in fundraising.
Oct 21 2015 | 10:41am ET
One of the most unique charity benefits in the hedge fund industry, A Leg To Stand On's (ALTSO's) Hedge Fund Rocktoberfest - NYC, raised nearly $500,000 last Thursday thanks to the generous support of major sponsors and nearly 1,400 attendees from the Tri-State finance, business and hedge fund communities. Read more…