Morgan Stanley P.E. Arm Raises $1.14B Fund Of Funds

Apr 21 2009 | 12:17pm ET

Morgan Stanley Alternative Investment Partners has raised $1.14 billion in commitments for Morgan Stanley Private Markets Fund IV, a private equity fund of funds.

MSAIP Fund IV incorporates three main strategies: buyouts, primarily in North America and Western Europe, global venture capital and special situations. AIP's investment strategy emphasizes less efficient market segments and targets managers with differentiated skill sets in the U.S., Western Europe and emerging private-equity markets.

“We search broadly for opportunities that are highly differentiated relative to their peer set,” said Tom Dorr, chief investment officer.  “Overall, these opportunities must fit within a diversified portfolio framework while capitalizing on current market dislocations.  In today's environment, distressed - including secondary purchases - and asset-backed strategies are especially attractive.”

MSAIP, the fund of funds division of Morgan Stanley Investment Management, manages portfolios of hedge funds, private equity funds and real estate funds for some of the world's largest institutions and high net worth individuals. 


In Depth

An Interview With Harvest Volatility Management's Rick Selvala

Mar 23 2017 | 5:39pm ET

Several years of extremely low interest rates have pushed some investors into equities...

Lifestyle

'Tis the Season: Wall Street Holiday Parties Back In Fashion

Dec 22 2016 | 9:23pm ET

Spending on Wall Street holiday parties has largely returned to pre-2008 levels...

Guest Contributor

SEI: Private Debt Coming Into Its Own

Mar 8 2017 | 9:24pm ET

The explosive growth of private debt over the past few years has caused the lines...

 

From the current issue of