Morgan Stanley raises $5.5bn for third global infrastructure fund

Morgan Stanley raises $5.5bn for third global infrastructure fund
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Morgan Stanley Investment Management Raises $5.5 Billion for Its Third Global Infrastructure Fund

Morgan Stanley Infrastructure Partners has raised $5.5 billion for North Haven Infrastructure Partners III, six months after the fund’s first close on June 19, 2019.

North Haven Infrastructure Partners III includes some of the world’s largest and most sophisticated institutional infrastructure investors, including public and private pension funds, sovereign wealth funds and insurance companies.

“We are grateful for the trust and support from both our long-standing partners as well as new investors,” said Markus Hottenrott, Chief Investment Officer for Morgan Stanley Infrastructure Partners.

“We are confident that our active approach to value creation, together with the reach of the Morgan Stanley platform, will continue to deliver results for our clients,” he added.

A global platform, Morgan Stanley Infrastructure Partners invests in private infrastructure assets and companies with the potential to be transformed into core infrastructure assets. Consistent with its predecessor funds, North Haven Infrastructure Partners III will pursue opportunities that can benefit from operational efficiency improvements and value creation initiatives. The team’s focus sectors include Transportation, Power Generation (including Renewable Generation), Natural Gas Infrastructure and Digital Infrastructure. The team has already announced two investments for the fund: PNE AG, a German onshore wind power company, and Fiber of Portugal, the largest fiber network in Portugal.

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“Private alternatives continue to be an area of focus for Morgan Stanley Investment Management and our clients, and we are pleased that Morgan Stanley Infrastructure Partners’ differentiated approach has resonated strongly with investors,” said Dan Simkowitz, Head of Morgan Stanley Investment Management.