Morgan Stanley Investment Management (MSIM) has raised around $1.2bn across two new funds, the North Haven Expansion Equity IX fund and North Haven Expansion Credit II fund, which will make later stage growth equity and credit investments.
The funds, which will focus on the technology, healthcare, consumer, digital media and other high-growth sectors are managed by Morgan Stanley Expansion Capital (Expansion Capital), and exceeded their initial target of $850m by over 40%.
Part of MSIM’s $230 billion alternative investments business, Expansion Capital predominantly invests in later-stage private companies with established products and services that are seeking capital to scale revenue and expand business operations. For over three decades, Expansion Capital has successfully pursued growth investment opportunities and has completed investments in over 200 companies, leveraging the global brand and network of Morgan Stanley.
