Morgan Stanley Acquiring Mesa West
Morgan Stanley Investment Management (MSIM) is acquiring Los Angeles-based Mesa West Capital, LLC in a deal that will bring more than $5 billion in gross assets under management. Mesa West will add a CRE credit platform to Morgan Stanley’s existing investment strategies and product offerings across real assets and private credit.
Morgan Stanley Investment Management’s Dan Simkowitz says the acquisition helps them provide differentiated investment solutions, noting Mesa West is a “perfect addition to our suite of strategies across real assets and private credit.”
Mesa West will retain its brand and operate as a separate business unit within MSIM’s Real Assets group, which currently manages $47 billion of client assets. Co-Founders Jeff Friedman and Mark Zytko will continue to manage the company on a day-to-day basis. The deal is expected to close in 4Q 2017.
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