Morgan Stanley Capital Partners Achieves $3.2B Close of Fund VIII
Funding | Jun 23, 2025 | Morgan Stanley (MSCP)
Morgan Stanley Capital Partners (MSCP), the middle market private equity branch of Morgan Stanley Investment Management, has completed its North Haven Capital Partners VIII (NHCP VIII) fund with a total of $3.2 billion in commitments, surpassing its target of $2.5 billion. Fund VIII, which exceeded its $3.0 billion hard cap, was assembled in less than 12 months following its first close in Q3 2024 and represents a significant uptick from the $2 billion raised by its predecessor, Fund VII, in 2021. Backed by a range of investors including institutional partners and high-net-worth individuals globally, Fund VIII will focus on control investments across consumer, business, healthcare, and industrial sectors, leveraging Morgan Stanley's operational strengths and targeting growth in the U.S. middle market. By deploying its value creation strategy, the fund aims for transformational growth in its portfolio companies. Fund VIII has already allocated 17% of its capital in investments such as American Restoration, FoodScience, and Thermogenics.
Sectors
- Private Equity
- Financial Services
- Investment Management
- Business Services
Geography
- United States – MSCP targets investments primarily in the U.S. middle market.
- Global – Fund VIII received investments from America, Europe, and Asia and includes global financial operations.
Industry
- Private Equity – MSCP is a middle market private equity buyout team that raised the fund for investments.
- Financial Services – Morgan Stanley Investment Management, a part of a global financial institution, enables capital allocations and investments.
- Investment Management – Morgan Stanley Investment Management handles corporate investments and assets under management, providing global investment solutions.
- Business Services – Investment focus on businesses involving service models related to consumer, business, healthcare and industrial sectors.
Financials
- $3.2 billion – Total capital commitments for Fund VIII.
- $2.5 billion – Initial target for Fund VIII.
- $3.0 billion – Third-party hard cap for Fund VIII.
- 60% – Increase in total commitments compared to Fund VII.
- $2.0 billion – Capital commitment of Fund VII closed in 2021.
- 17% – Percentage of capital already deployed by Fund VIII.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Morgan Stanley Capital Partners | PE Firm | Companies | Middle-market private equity platform leading the fundraise. |
| Morgan Stanley Investment Management | Investment Management | Companies | Provides investment solutions and oversees capital commitments. |
| Aaron Sack | Head of Morgan Stanley Capital Partners | People | Key executive expressing the firm’s strategy and fund objectives. |
| David N. Miller | Global Head of Private Credit and Equity | People | Executive commenting on the firm’s investment strategy and track record. |
| North Haven Capital Partners VIII (NHCP VIII) | Fund | Companies | The newly closed fund facilitated by Morgan Stanley Capital Partners. |
| American Restoration | Portfolio Company | Companies | Investment focusing on property mitigation and restoration services. |
| FoodScience | Portfolio Company | Companies | Develops pet and human nutritional supplements. |
| Thermogenics | Portfolio Company | Companies | Provides industrial and commercial boiler services. |