Morgan Stanley Investment Management Closes PECO III with $2.3 Billion in Commitments
Funding | Apr 14, 2025 | Morgan Stanley (MSCP)
Morgan Stanley Investment Management (MSIM) has announced the successful close of its North Haven Private Equity Co-Investment Opportunities Fund III LP (PECO III), which exceeded its hard cap by securing approximately $2.3 billion in commitments. Managed by Morgan Stanley Private Equity Solutions, PECO III continues the firm's legacy of co-investment in the lower middle market alongside top-tier buyout managers. This fund is part of a broader strategy that includes a 25-year track record and nearly $6 billion in commitments since its inception in 1999. Neha Champaneria Markle and David N. Miller of Morgan Stanley emphasized the fund's success and the firm’s ability to offer varied private equity solutions to managers and investors worldwide.
Sectors
- Private Equity
- Investment Management
Geography
- United States – Morgan Stanley is headquartered in New York, USA, and the fund is likely to have a significant presence in the American market.
- Global – The fund's strategy involves a global investment approach, leveraging Morgan Stanley's worldwide network.
Industry
- Private Equity – Focus on private equity fund formation, specifically co-investment funds operating in the lower middle market.
- Investment Management – Morgan Stanley Investment Management oversees the newly closed fund and other investment operations.
Financials
- $2.3 billion – Total commitments secured by North Haven Private Equity Co-Investment Opportunities Fund III LP.
- $240 billion – Size of the alternatives platform within Morgan Stanley Investment Management.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Morgan Stanley Investment Management | Fund Manager | Company | Manages over $1.6 trillion in assets and focuses on long-term performance and diverse investment solutions. |
| Morgan Stanley Private Equity Solutions | Manager of PECO III | Company | A multi-manager private equity platform within Morgan Stanley Investment Management. |
| Neha Champaneria Markle | Head of Morgan Stanley Private Equity Solutions | Person | Leads the team responsible for managing PECO III. |
| David N. Miller | Global Head of Morgan Stanley Private Credit & Equity | Person | Oversees Morgan Stanley's private credit and equity operations. |