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Laxman Pai, Opalesque Asia: Morgan Stanley Capital Partners (MSCP), a middle-market private equity platform primarily operating in North America, has collected $3.2 billion for its latest buyout fund amid a tough fundraising market for private equity firms.
The fund, North Haven Capital Partners VIII (NHCP VIII), exceeded its initial $2.5 billion target and reached its hard cap of $3 billion in less than 12 months. This represents a 60% increase from the previous fund, which closed at $2 billion in 2022, said the capital market company.
NHCP VIII received strong support from both existing and new investors, raising capital from leading institutional investors, high-net-worth family offices, and individual clients of Morgan Stanley Wealth Management across North and South America, Europe, and Asia. U.S. pension investors include the State of Wisconsin Investment Board, which committed $75 million in late 2024.
Aaron Sack, Head of Morgan Stanley Capital Partners, said: "While we are mindful of the macroeconomic uncertainty ahead, we believe the U.S. middle market represents a dynamic engine of economic growth and entrepreneur-driven innovation. In combination with our long-time operating partner model, we will continue to seek differentiated returns throughout the new fund."
Fund VIII will continue MSCP's decades-long strategy of partnering with founders and management teams to drive growth and operational value creation in the U.S. middle market, enabled by the...................... To view our full article Click here
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