Rayford Wilkins, Jr. Director | Morgan Stanley
Morgan Stanley Investment Management has introduced the North Haven Private Assets Fund (NHPAF), a new investment vehicle aimed at providing individual investors with access to institutional-level private equity. This fund is an SEC-registered evergreen investment fund that focuses on co-investments and secondaries in the lower middle market. The initiative represents MSIM's inaugural evergreen private equity offering and complements their prior retail-focused private credit and real assets strategies launched over the last five years.
Neha Champaneria Markle, Head of Morgan Stanley Private Equity Solutions, commented, “We are pleased to facilitate access to both secondaries and co-investments in privately held companies to a wider audience of potential investors through a user-friendly evergreen structure. We believe that the lower middle market offers a broad opportunity set characterized by lower entry valuations, greater potential for organic and M&A-driven growth, and more liquidity options compared to the large cap segment. We think this thematic emphasis, along with our demonstrated history of experience, and disciplined and careful manager diversification, will enable us to offer the potential for differentiated performance and downside risk protection.”
The NHPAF is managed by Morgan Stanley Private Equity Solutions. This multi-manager platform has a history of 25 years and relies on an established network of relationships with general partners (GPs). With the support of Morgan Stanley's extensive resources, the fund is expected to benefit from significant deal flow opportunities and thorough due diligence.
David N. Miller, Global Head of Private Credit & Equity, noted, “Increased democratization of alternatives provides individuals access to what had been traditionally institutional asset classes. MSIM’s $240 billion alternatives business has largely been built organically over four decades. We are pleased to expand our suite of private wealth-oriented private markets funds to include private equity in a structure that provides diversified exposure across sectors, geographies, and underlying managers. The Private Equity Solutions team has a long history in private equity investing and, we believe, a compelling investment playbook that is further distinguished by the top-tier global resources of Morgan Stanley.”
Founded in 1999, Morgan Stanley Private Equity Solutions is known for its broad private markets investment platform and extensive experience, having committed over $27 billion to more than 1,200 private markets investments.
Morgan Stanley Investment Management, with its global network of over 1,400 investment professionals, manages $1.6 trillion in assets. The firm provides investment management services to a diverse clientele, including governments, institutions, and individuals globally.
The NHPAF’s investment adviser is Morgan Stanley AIP GP LP, and Morgan Stanley Distribution Inc. serves as the fund's distributor.
Despite the potential for gains, the fund carries substantial risks, and is suitable only for qualified investors with sufficient financial resources. The prospectus and additional information are available at the Morgan Stanley website or by contacting them directly.
Morgan Stanley, a major global financial services firm, operates in 42 countries, offering various financial services worldwide.