Morgan Stanley Closes $1.3 Billion Growth Fund, Surpassing Initial Targets

Morgan Stanley Investment Management (MSIM) completed the final closing of its inaugural North Haven Growth & Innovation Fund.

The fund raised $1.3 billion in capital commitments, exceeding its initial target.

Strong investor demand resulted in the fund being significantly oversubscribed.

Morgan Stanley, its affiliates, and employees collectively committed 24% of the total capital.

The strategy provides flexible capital to category-defining private companies by leveraging Morgan Stanley's integrated firm capabilities.

This vehicle targets high-growth firms that are choosing to remain private for longer periods.