Morgan Stanley (MS) is seeking to raise $500M for a new India-focused continuation vehicle, intending to move eight healthcare-focused investments into the vehicle, people familiar with the matter told Bloomberg News.
The banking giant’s asset management arm has approached investors on the plan, according to the people, who asked not to be identified because the conversations are private.
The assets planned to be moved include Omega Hospitals, where MS took a minority ownership in 2024, and RG Scientific, where the New York-based financial services provider bought a controlling stake the same year, Bloomberg reported on Friday.