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Morgan Stanley Real Estate Investing Tops $3B with Latest Fund
Morgan Stanley Real Estate Investing (MSREI), the private real estate investment arm of Morgan Stanley Investment Management, said Thursday it had raised $3.1 billion for North Haven Real Estate Fund X Global (G10). The new fund’s total exceeds its original target and surpasses the size of G9.
G10 will follow a strategy that the MSREI team has successfully employed in its three predecessor global funds, through which they have acquired more than $17 billion of gross real estate assets. Capital deployment for G10 is well underway.
“We are extremely pleased with the continued investor support and trust from both our longstanding partners as well as new investors in G10, said John Klopp, head of global real assets for Morgan Stanley Investment Management. “In today’s environment, sophisticated investors are increasing their allocations to Real Assets, seeking the strong returns, diversification and inflation protection that real estate and infrastructure can provide.”
- ◦Financing