Morgan Stanley Collects $3.2 Billion for Middle Market Deals
Middle-market focused Morgan Stanley Capital Partners has collected $3.2 billion for its latest buyout fund amid a tough fundraising market for private equity firms.
The fund, North Haven Capital Partners VIII, will back companies with earnings of between $20 million and $30 million, according to Morgan Stanley Investment Management 's Aaron Sack. The latest fund added several new investors from Asia and the Americas and is about 60% bigger than the last vehicle, Sack said.
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