Morgan Stanley Investment Management has successfully closed its North Haven Tactical Value II Fund LP and affiliated funds, raising approximately $2 billion in committed capital. This marks a nearly 50 percent increase over the predecessor fund, NHTV I. The new fund aims to offer credit, hybrid, and non-control equity investments in high-quality companies across various sectors and geographies. It attracts both institutional investors and qualified individual investors.

Thomas Cahill and Pedro Teixeira, Co-Heads of Morgan Stanley Tactical Value, expressed satisfaction with the closing of the second fund: “We are pleased to close our second fund to provide investors exposure to a highly diversified portfolio of uncorrelated investments unconstrained by the narrower mandates of traditional private equity or private credit strategies." They highlighted the team's structuring capabilities and domain expertise, enhanced by Morgan Stanley's platform, as key factors positioning the fund for success.

The investment team benefits from Morgan Stanley's extensive client relationships and management access to originate bespoke transactions. These transactions are sourced from several groups within Morgan Stanley, including Global Capital Markets, Investment Banking, Sales & Trading, Wealth Management, and Investment Management. Additionally, they utilize an external sourcing network developed over seven years to build a selective portfolio with low correlation.

David N. Miller, Global Head of Private Credit and Equity for Morgan Stanley Investment Management, stated: “We are pleased to have raised $2 billion of committed capital with the support of our investors.” He emphasized that the fund's strategy offers a unique opportunity for building a portfolio with strong value.

Morgan Stanley Tactical Value operates as a flexible private investment platform within Morgan Stanley Investment Management (MSIM), investing across asset classes globally. The team combines deep structuring expertise with Morgan Stanley's global network to deliver differentiated capital solutions.

Morgan Stanley Investment Management employs over 1,400 investment professionals worldwide managing assets worth $1.6 trillion as of September 30, 2024. The firm provides diverse investment management solutions tailored for governments, institutions, corporations, and individuals globally.

Morgan Stanley is recognized as a leading global financial services firm offering comprehensive investment banking and management services through offices in 42 countries worldwide.