Morgan Stanley raises $1.4b fund for deals sourced by its rainmakers

Morgan Stanley raises $1.4b fund for deals sourced by its rainmakers

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 raised $1.4 billion, almost three times its initial target, for a new private investment fund that will source deals using its own investment bankers and wealth managers.

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