Morgan Stanley raises $398m so far for fifth Asia-focused PE fund

Morgan Stanley raises $398m so far for fifth Asia-focused PE fund

A pedestrian is reflected in the exterior of Morgan Stanley headquarters in New York, U.S., on Thursday, July 12, 2018. Photographer: Bess Adler/Bloomberg

Morgan Stanley’s Asia private equity unit – Morgan Stanley Private Equity Asia (MSPEA) – has so far secured $398.33 million in capital commitments for its fifth Asia PE fund, according to its latest filing with the US SEC.

North Haven Private Equity Asia V, which was launched in September 2018, attracted commitments from 588 investors as of the firm’s September 16, 2020 filing. Morgan Stanley did not specify the target amount for the said fund.

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