Morgan Stanley Closes Second North Haven Tactical Value Fund at $2B

Morgan Stanley Investment Management (MSIM) has netted approximately $2B in commitments in the final close of its diversified private equity fund North Haven Tactical Value (NHTV) II Fund LP.

In an October 22 press release, Morgan Stanley noted Fund II’s nearly 50% increase from its oversubscribed Fund I, which closed in December 2018 with over $1.4B in capital commitments. The second NHTV fund attracted an investor base ranging from large institutions to qualified individuals, and will build on the first fund through credit, hybrid and non-control equity investment opportunities in global and broad-sector, high-quality companies.

The NHTV series is part of the flexible, non-control private investment platform within MSIM, which oversees $1.6T in aggregate AUM as of September 30, the company said.

View the press release here.

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