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Laxman Pai, Opalesque Asia:

Morgan Stanley Investment Management (MSIM) said that its multi-manager private markets platform Morgan Stanley Private Markets Solutions has closed private equity co-investment fund II (PECO II).

PECO II was oversubscribed, closing on $1.25 billion in total commitments and exceeding its fundraising target of $750 million, said the American capital market company in a press release.

PECO II offers private equity exposure through co-investments in small- and mid-cap buyout/growth companies across North America and Europe.

PECO II and its predecessor PECO I are the continuation of Morgan Stanley's 23-year track record in co-investments, which includes nearly $4 billion of commitments since the Team's inception at Morgan Stanley in 1999, said the release.

Neha Champaneria Markle, the Head of Private Markets Solutions, said: "We see the success of the PECO II fundraise as a mark of our client's trust in us, and it motivates us every day to go the extra mile and to strive for outstanding performance for our limited partners."

"The success of PECO II's fundraising was driven by the market's recognition of our team's robust platform, disciplined underwriting, and collaborative relationships with third-party general partners," added Michael Carroll, a portfolio manager of the PECO strategy.

According to the release, since its inception, Morgan Stanley Private Markets Solutions has tracked over 3,500 general partners and has develo......................

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