Morgan Stanley Secures $1.3 Billion for Growth Equity Fund
Morgan Stanley's investment manager has secured over $1.3 billion in capital commitments for its North Haven Growth & Innovation fund, which is already invested in companies like Databricks and Ramp. The oversubscribed fund will focus on high-growth private firms through both primary and secondary transactions. Morgan Stanley, along with its affiliates and employees, committed 24% of the total capital. The firm has been strengthening ties with early-stage startups by leveraging its investment management arm to secure funding while using its wealth management division to facilitate employee investments. David Miller, global head of private credit and equity at Morgan Stanley Investment Management, highlighted how the bank's relationships span from initial financing through public market exits.
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