Morgan Stanley Garners US$1.7B For Asian P.E. Fund

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.


In Depth

Bob Doll's Ten Market Predictions For 2016

Jan 7 2016 | 9:37pm ET

Well-known market strategist Robert Doll has published his annual list of ten predictions...

Lifestyle

Citadel's Ken Griffin Donates $40M To New York's Museum of Modern Art

Dec 22 2015 | 9:23pm ET

Citadel founder Ken Griffin has donated $40 million to New York’s Museum of Modern...

Guest Contributor

Hedge Fund Marketing - Making the Most of Your Salesperson

Jan 20 2016 | 8:11pm ET

In this contributed article, Bruce Frumerman of Frumerman & Nemeth takes a close...