Morgan Stanley Alternative Investment Partners Raises $516 Million for Riverview Strategic Opportunities Fund III
August 06 2018 - 11:46AM
Business Wire
Morgan Stanley Alternative Investment Partners (AIP), an
investment team within Morgan Stanley Investment Management, has
closed the unit’s latest investment fund, the Riverview Strategic
Opportunities Fund III (“SOF III” or the “Fund”) with over $500
million in commitments. The fundraise saw robust interest from both
institutional and high net worth investors with the raise being
completed within a few weeks. The Fund is an opportunistic hedge
fund solution focused on hedge fund secondaries and
co-investments.
“We are pleased investors continue to see promise in our fund’s
differentiated approach as hedge funds look to alleviate the
constraints they face in the market and seek opportunities in the
liquidity gap between traditional hedge fund and private equity
investments,” said Mark van der Zwan, Chief Investment Officer and
Head of AIP Hedge Funds Team. “Our experienced team is well
positioned to deliver consistency in expertise and execution. We
are confident that the Fund will benefit from access to AIP’s
strong global network of hedge fund relationships, deep proprietary
research and rigorous due diligence process.”
The Fund is AIP’s third vintage of the Strategic Opportunities
series. Consistent with SOF I and SOF II, SOF III aims to solve
recent liquidity pressure on hedge funds by purchasing hedge fund
secondaries and pursuing co-investment partnerships with managers
on medium-term investments.
“Morgan Stanley is pleased to offer this attractive opportunity
to our clients again, leveraging the team’s experience and
sophisticated resources to help capture transient opportunities in
the market and value for investors,” said Jacques Chappuis, Global
Head of Distribution and Co-Head of the Solutions and Multi-Asset
Group. “AIP is one of the first and most experienced buyers in the
hedge fund secondaries market and has built some of the strongest
relationships in the hedge fund industry as a result, allowing us
to offer a well sourced and competitive investment product. We look
forward to watching the market evolve as hedge funds continue to
search for solutions in a changing environment.”
SOF III’s investors include institutions such as private and
public pensions, corporations, foundations and family offices, as
well as high net worth individuals, from a broad range of
geographies.
About AIP’s Hedge Fund Solutions Business
AIP’s Hedge Fund Team specializes in assisting institutional and
high net worth investors achieve their goals through the design and
management of hedge fund-focused programs. The team has broad
expertise making direct fund investments, secondary investments and
co-investments across all hedge fund strategies. The business
includes custom portfolios, diversified and opportunistic
multi-manager strategies and advisory services. Established in
2000, AIP’s hedge fund solutions business has approximately $23
billion in assets under management and advisement as of March 31,
2018.
About Morgan Stanley Investment Management
Morgan Stanley Investment Management, together with its
investment advisory affiliates, has more than 645 investment
professionals around the world and $474 billion in assets under
management or supervision as of June 30, 2018. 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. For further information about Morgan Stanley Investment
Management, please visit www.morganstanley.com.
About Morgan Stanley
Morgan Stanley (NYSE: MS) is a leading global financial services
firm providing investment banking, securities, wealth management
and investment management services. With offices in more than 41
countries, the Firm's employees serve clients worldwide including
corporations, governments, institutions and individuals. For more
information about Morgan Stanley, please visit
www.morganstanley.com.
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version on businesswire.com: https://www.businesswire.com/news/home/20180806005449/en/
Media:Morgan StanleyMary Claire Delaney,
212-761-2427MaryClaire.Delaney@morganstanley.comorProsek
PartnersMark LaVoie, 646-503-6011mlavoie@prosek.com
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