Morgan Stanley AIP Raises $1B For Sixth Private Markets Fund

Oct 13 2015 | 4:47pm ET

Morgan Stanley Alternative Investment Partners has raised more than $1 billion for its sixth private markets fund, easily surpassing the firm’s $750 million target.

The Private Markets Fund VI will combine primary funds, co-investments and secondaries in one globally diversified portfolio of private equity investments, according to the company. The objective is to provide investors with superior risk-adjusted returns and exposure to four private equity strategies - buyouts, venture, growth capital, and special situations. 

“Our PMF private equity fund series is now in its sixth round of investing, which speaks to the value our clients see in the consistent, disciplined investment approach of Morgan Stanley Alternative Investment Partners,” said Ed Moriarty, head of Alternative Investment Partners, Merchant Banking & Real Estate Investing and Managed Futures for the firm. 

“Over the past fifteen years, we have carefully built a cohesive team of experienced investment professionals who now manage several longstanding programs across the spectrum of alternatives,” he continued. 

“We are pleased with the success of this fund raise, particularly because we attracted several new limited partners to our program,” added John Wolak, Head of AIP Private Markets. 

Morgan Stanley Alternative Investment Partners is part of Morgan Stanley Investment Management. Based near Philadelphia, PA, the company specializes in alternative investment management for institutional and high net worth investors across hedge fund, private equity, real estate and multi-asset class strategies. As of June 30, 2015, the company managed total assets of $38.4 billion.

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