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.


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