The FINANCIAL — Morgan Stanley Expansion Capital, the growth-focused private investment platform within Morgan Stanley Investment Management, announced that it has closed on approximately $400 million of capital commitments for North Haven Expansion Equity LP and its related funds, exceeding its original fundraising target capital commitments by nearly $100 million.
Expansion Equity will focus on identifying later-stage private companies in technology and other high growth sectors, including consumer, healthcare and media, and will build on the success of the seven prior Morgan Stanley private growth equity funds.
The fund leverages access to the combined networks of Morgan Stanley, the Expansion Capital Team and Limited Partners of the Fund to originate investments, conduct due diligence and maximize value. The team seeks to focus on proprietary growth capital investments, such as first institutional, growth carve-out, founder liquidity and select secondary and follow-on investment opportunities. Investments are primarily located in North America and Western Europe.
Expansion Equity derives capital, insight and portfolio leverage from investors that include successful executives and business leaders from a broad range of industry verticals and geographies.