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Morgan Stanley launches $370 million fund
23 March 2010
Morgan Stanley Alternative Investment Partners has raised $370 million in commitments for a private equity real estate fund
Morgan Stanley Investment Management (MSIM) has announced that Morgan Stanley Alternative Investment Partners (AIP) raised $370 million in commitments for Morgan Stanley AIP Phoenix Global Real Estate Secondaries 2009 LP (Phoenix), a fund dedicated to acquiring secondary interests in opportunistic and value-added private equity real estate funds. The capital raised exceeded AIP's initial $250 million target.
"This successful fund-raising effort against a challenging market backdrop is a testament to the strength of our investment team...
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