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Laxman Pai, Opalesque Asia:

The American multinational investment bank and financial services company Morgan Stanley said that its private equity unit Morgan Stanley Capital Partners has raised $2 billion for its latest private equity fund North Haven Capital Partners VII (NHCP VII) from investors including clients of its wealth-management arm and institutions.

According to a press release from the global financial services company, NHCP VII exceeded its original fundraising target and surpassed the size of its predecessor fund, North Haven Capital Partners VI (NHCP VI), by more than 40%.

Aaron Sack, Head of Morgan Stanley Capital Partners, said: "Our multi-year industry evaluations and deep sector focus has resulted in industry expertise, proprietary deal flow, and operational value-add that we believe is truly unmatched in the middle market. We have a cohesive team with a successful history of working together and we look forward to continuing that success with this vintage."

Investors include sophisticated institutions as well as investors sourced by Morgan Stanley Wealth Management from around the world. The significant increase in commitments relative to NHCP VI was driven primarily by increased commitments among institutional investors.

"We are extremely pleased by the strong investor support for NHCP VII," said David N. Miller, Head of Private Credit and Equity for Morgan Stanley Investment Management. "We believe the team differentiates itself by bringi......................

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