Morgan Stanley Investment Management Raises $785 million for North Haven Senior Loan Fund
May 17 2019 - 10:30AM
Business Wire
Morgan Stanley Investment Management today announced it has
raised $785 million for the North Haven Senior Loan Fund L.P. and
its related vehicles (collectively “NH SLF”) exceeding its original
fundraising target. When combined with target leverage, NH SLF has
approximately $1.1 billion of capital available for investment. NH
SLF seeks to invest in privately negotiated senior secured loans
issued by lower middle market companies in North America.
“NH SLF is an important expansion of our Private Credit offering
and we are pleased with the strong support from investors,” said
David N. Miller, Head of Global Private Credit and Equity for
Morgan Stanley Investment Management. “Building on our long and
successful track record in private credit, NH SLF is uniquely
positioned to potentially generate attractive fixed income returns
in a low yield environment.”
“We expect our portfolio companies will benefit from Morgan
Stanley’s global platform, intellectual content and value added
lending,” added Henry (“Hank”) D’Alessandro, Chief Investment
Officer for NH SLF. “NH SLF is expected to benefit from the deal
flow, resources, and relationships and due diligence advantages
embedded in the Morgan Stanley Private Credit platform.”
Investors in NH SLF include sophisticated institutional
investors in Europe, Asia and the U.S. as well as qualified
individual investors.
“NH SLF is expected to provide investors with a vehicle to
access the relatively attractive risk-adjusted returns offered in
the lower middle market direct lending niche, while offering
borrowers the potential to access the network and scale benefits
inherent in the Morgan Stanley platform,” said Tom Bergen,
Portfolio Manager of NH SLF.
About Morgan Stanley Private Credit
Morgan Stanley Private Credit, part of Morgan Stanley Investment
Management, is a private credit platform focused on direct lending
and opportunistic private credit investing in North America and
Western Europe. Morgan Stanley Private Credit investment
professionals bring significant expertise in origination,
structuring, credit analysis and principal investing in the
leveraged finance markets. Since 2010, investment teams have
completed over 60 transactions investing in excess of $1.9 billion.
Based in New York, the team focuses on deploying capital in North
America and Western Europe. For further information about Morgan
Stanley Private Credit, please visit
www.morganstanley.com/im/privatecredit.
About Morgan Stanley Investment Management
Morgan Stanley Investment Management, together with its
investment advisory affiliates, has more than 671 investment
professionals around the world and $480 billion in assets under
management or supervision as of March 31, 2019. 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/im.
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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Media Relations: Lauren Bellmare, 212.761.5303
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