Investment Services News

Morgan Stanley Investment Management Significantly Exceeds Target With Second Co-Investment Fund

Morgan Stanley Private Markets Solutions, the multi-manager private markets platform within Morgan Stanley Investment Management, announced the final close of Private Equity Co-Investment Fund II (“PECO II”). PECO II was oversubscribed, closing on $1.25 billion in total commitments and exceeding its fundraising target of $750 million.

“We see the success of the PECO II fundraise as a mark of our clients’ trust in us, and it motivates us every day to go the extra mile and to strive for outstanding performance for our limited partners.”

PECO II offers private equity exposure through co-investments in small- and mid-cap buyout/growth companies across North America and Europe. PECO II and its predecessor PECO I are the continuation of Morgan Stanley’s 23-year track record in co-investments, which includes nearly $4 billion of commitments since the Team’s inception at Morgan Stanley in 1999.

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Neha Champaneria Markle, the Head of Private Markets Solutions, said: “We see the success of the PECO II fundraise as a mark of our clients’ trust in us, and it motivates us every day to go the extra mile and to strive for outstanding performance for our limited partners.”

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Since inception, Morgan Stanley Private Markets Solutions has tracked over 3,500 general partners and has developed a reputation for strong sourcing and efficient execution, which has enabled a high degree of selectivity in its co-investment program. The combination of Morgan Stanley Private Markets Solutions’ expansive network of primary fund relationships, due diligence capabilities, execution experience, and differentiated investment focus has allowed the Team to produce consistently attractive co-investment returns.

[To share your insights with us, please write to sghosh@martechseries.com]

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