- Morgan Stanley Infrastructure Partners announced it has raised $5.5 billion for its North Haven Infrastructure Partners III fund
Morgan Stanley Infrastructure Partners — the private infrastructure investment team within Morgan Stanley Investment Management — announced it has raised $5.5 billion for its North Haven Infrastructure Partners III fund. This announcement comes six months after the fund’s first close on June 19, 2019.
Some of the world’s largest and most sophisticated institutional infrastructure investors, including public and private pension funds, sovereign wealth, funds and insurance companies invested in North Haven Infrastructure Partners III.
“We are grateful for the trust and support from both our long-standing partners as well as new investors,” said Morgan Stanley Infrastructure Partners chief investment officer Markus Hottenrott. “We are confident that our active approach to value creation, together with the reach of the Morgan Stanley platform, will continue to deliver results for our clients.”
As a global platform, Morgan Stanley Infrastructure Partners invests in private infrastructure assets and companies with the potential to be transformed into core infrastructure assets. And consistent with its predecessor funds, North Haven Infrastructure Partners III will pursue opportunities that can benefit from operational efficiency improvements and value creation initiatives.
The team is going to focus on sectors including Transportation, Power Generation (including Renewable Generation), Natural Gas Infrastructure, and Digital Infrastructure. And the team has already announced two investments for the fund, including PNE AG and Fiber of Portugal — which is the largest fiber network in Portugal.
“Private alternatives continue to be an area of focus for Morgan Stanley Investment Management and our clients, and we are pleased that Morgan Stanley Infrastructure Partners’ differentiated approach has resonated strongly with investors,” added Daniel Simkowitz, Head of Morgan Stanley Investment Management.
