Morgan Stanley Investment Raises $2B for North Haven Tactical Value II Fund

Morgan Stanley Investment Management closed North Haven Tactical Value II Fund (NHTV II) and affiliated funds at approximately $2 billion of committed capital, representing a nearly 50% increase over the predecessor fund NHTV I. The fund seeks to provide credit, hybrid and non-control equity investments in companies across sectors and geographies. Investors in the fund include institutional investors as well as qualified individual investors._x000D_
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“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,” Thomas Cahill and Pedro Teixeira, co-heads of Morgan Stanley Tactical Value, said. “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.”_x000D_
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“We are pleased to have raised $2 billion of committed capital with the support of our investors,” David N. Miller, global head of private credit and equity for Morgan Stanley Investment Management, said. “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.”