$1.6 Trillion Morgan Stanley Investment Management Launches Institutional Quality Private Equity Evergreen Fund (North Haven Private Assets Fund) Investing in Co-Investments & Secondaries in Lower Middle Market, Morgan Stanley Investment Management Manages $240 Billion AUM in Alternatives, Morgan Stanley Private Equity Solutions Invested $27 Billion in More than 1,200 Private Market Since Inception
1st May 2025 | Hong Kong
Morgan Stanley Investment Management ($1.6 trillion AUM) has launched an institutional quality private equity evergreen fund (North Haven Private Assets Fund), investing in co-investments & secondaries in lower middle market. Morgan Stanley Investment Management manages $240 billion AUM in alternatives. Morgan Stanley Private Equity Solutions has invested $27 billion in more than 1,200 private market since inception. Announcement (30/4/25): “Morgan Stanley Investment Management (MSIM) announced today the launch of the North Haven Private Assets Fund (NHPAF), an SEC-registered evergreen investment fund designed to offer select investors the opportunity to obtain institutional-quality private equity exposure primarily through co-investments and secondaries in the lower middle market. This is MSIM’s first evergreen private equity offering and follows the introduction of retail private credit and real assets strategies over the last five years … …. North Haven Private Assets Fund is managed by Morgan Stanley Private Equity Solutions, MSIM’s multi-manager private equity solutions platform, which has a 25-year track record and a longstanding network of relationships with GPs. Combined with the broader resources of Morgan Stanley, the Fund is expected to benefit from the potential for robust deal flow as well as meaningful diligence advantages.”
“ $1.6 Trillion Morgan Stanley Investment Management Launches Institutional Quality Private Equity Evergreen Fund (North Haven Private Assets Fund) Investing in Co-Investments & Secondaries in Lower Middle Market, Morgan Stanley Investment Management Manages $240 Billion AUM in Alternatives, Morgan Stanley Private Equity Solutions Invested $27 Billion in More than 1,200 Private Market Since Inception “
Neha Champaneria Markle, the Head of Morgan Stanley Private Equity Solutions: “We are pleased to facilitate access to both secondaries and co-investments in privately held companies to a wider audience of potential investors through a user-friendly evergreen structure. We believe that the lower middle market offers a broad opportunity set characterized by lower entry valuations, greater potential for organic and M&A-driven growth, and more liquidity options compared to the large cap segment. We think this thematic emphasis, along with our demonstrated history of experience, and disciplined and careful manager diversification, will enable us to offer the potential for differentiated performance and downside risk protection.”
David N. Miller, Global Head of Private Credit & Equity: “Increased democratization of alternatives provides individuals access to what had been traditionally institutional asset classes. MSIM’s $240 billion alternatives business has largely been built organically over four decades. We are pleased to expand our suite of private wealth-oriented private markets funds to include private equity in a structure that provides diversified exposure across sectors, geographies, and underlying managers. The Private Equity Solutions team has a long history in private equity investing and, we believe, a compelling investment playbook that is further distinguished by the top-tier global resources of Morgan Stanley.”
Morgan Stanley Private Equity Solutions – Founded in 1999, Morgan Stanley Private Equity Solutions is a leading limited partner in private markets with a 25-year history of serving as a partner of choice to high-quality private equity managers. The Team’s broad private markets investment platform encompasses globally diversified fund of funds programs, custom mandates, and specialized programs offering exposure to external private equity funds, co-investments, secondaries, and venture capital, among other strategies. Since inception, the Team has committed over $27 billion to more than 1,200 private markets investments, positioning the group as one of the most experienced private markets investors in the world.
Morgan Stanley Investment Management – Morgan Stanley Investment Management, together with its investment advisory affiliates, has more than 1,400 investment professionals around the world and $1.6 trillion in assets under management or supervision as of March 31, 2025. Morgan Stanley Investment Management strives to provide outstanding long-term investment performance, service, and a comprehensive suite of investment management solutions to a diverse client base, which includes governments, institutions, corporations and individuals worldwide.
Morgan Stanley – Morgan Stanley (NYSE: MS) is a leading global financial services firm providing a wide range of investment banking, securities, wealth management and investment management services. With offices in 42 countries, the Firm’s employees serve clients worldwide including corporations, governments, institutions and individuals.
$1.6 Trillion Morgan Stanley Investment Management Launches Institutional Quality Private Equity Evergreen Fund (North Haven Private Assets Fund) Investing in Co-Investments & Secondaries in Lower Middle Market, Morgan Stanley Investment Management Manages $240 Billion AUM in Alternatives, Morgan Stanley Private Equity Solutions Invested $27 Billion in More than 1,200 Private Market Since Inception

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