Morgan Stanley Investment Management announced it has closed North Haven Tactical Value II Fund LP and affiliated funds at about $2 billion of committed capital, representing a nearly 50% increase over the predecessor fund NHTV I. This fund seeks to provide credit, hybrid, and non-control equity investments in companies across sectors and geographies. Investors in the Fund include some of the world’s largest and most sophisticated institutional investors and qualified individual investors.
Utilizing Morgan Stanley’s expansive client relationships and access to management teams, the investment team originates bespoke transactions from the firm’s Global Capital Markets, Investment Banking, Sales & Trading, Wealth Management, and Investment Management groups. And the investment team relies on a broad external sourcing network, built over the last seven years. Combining the two sourcing channels, this team aims to build a highly selective, low-correlation portfolio, benefiting from downside protection and upside participation.
KEY QUOTES:
“We are pleased to close our second fund to provide investors exposure to a highly diversified portfolio of uncorrelated investments unconstrained by the narrower mandates of traditional private equity or private credit strategies. Our team’s deep in-house structuring capabilities and breadth of domain expertise across asset classes, combined with access to the Morgan Stanley platform, position the Fund to provide nimble, opportunistic capital, often in situations where broader capital markets solutions are unavailable.”
-Thomas Cahill and Pedro Teixeira, Co-Heads of Morgan Stanley Tactical Value
“We are pleased to have raised $2 billion of committed capital with the support of our investors. The Fund’s differentiated strategy paired with our team’s expertise and Morgan Stanley’s global network offers a unique opportunity for investors to build a portfolio with a strong value proposition.”
-David N. Miller, Global Head of Private Credit and Equity for Morgan Stanley Investment Management
