Morgan Stanley raises $2B for new tactical value fund
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- Morgan Stanley’s (NYSE:MS) investment management arm raised $2B for its latest opportunistic fund, representing an almost 50% increase from its predecessor fund, the company said on Tuesday.
- Morgan Stanley Investment Management’s North Haven Tactical Value II fund seeks to provide credit, hybrid, and non-control equity investments in high-quality companies across sectors and geographies.
- The fund provides investors exposure “to a highly diversified portfolio of uncorrelated investments unconstrained by the narrower mandates of traditional private equity or private credit strategies,” said Thomas Cahill and Pedro Teixeira, co-heads of Morgan Stanley Tactical Value.
- The investment team originates bespoke transactions sourced from Morgan Stanley’s (MS) Global Capital Markets, Investment Banking, Sales & Trading, Wealth Management and Investment Management groups.
- Morgan Stanley (MS) stock slipped 0.2% in Tuesday midday trading.