Morgan Stanley Investment Management racks up $1.2bn across two funds

• The funds, managed by Morgan Stanley Expansion Capital, exceeded the target total raise of $850 million
• Expansion Capital is part of MSIM’s $230 billion alternative investments business
• MSIM has $1.4 trillion in assets under management or supervision as of September 30, 2023

Morgan Stanley Investment Management has raised about $1.2 billion across two funds, North Haven Expansion Equity IX and North Haven Expansion Credit II.

The funds will focus on later-stage growth equity and credit investments in the technology, healthcare, consumer, digital media and other high-growth sectors.

The funds, managed by Morgan Stanley Expansion Capital, exceeded the target total raise of $850 million.

Expansion Capital is part of MSIM’s $230 billion alternative investments business.

“We are pleased to have the continued support of our investors for both of these strategies,” said David N. Miller, head of Morgan Stanley Private Credit & Equity in a statement. “The Expansion Capital team brings a deep growth investing and industry expertise, supported by Morgan Stanley’s global resources and brand.”

MSIM has $1.4 trillion in assets under management or supervision as of September 30, 2023.