The FINANCIAL — Morgan Stanley Private Equity Asia, the Asia-focused private equity investment platform within Morgan Stanley Investment Management, announced that it has secured over US$440 million in capital commitments for North Haven Thai Private Equity LP and its related funds, versus an initial target of US$300 million.
The Fund was launched in partnership with Bangkok Bank, a market-leading Thai financial institution, and will focus on making privately negotiated equity investments in companies with significant operations in Thailand.
Thai PE counts among its investor group some of the leading institutional investors globally. The Fund will target businesses that are beneficiaries of strong urbanization and per capita income growth trends and government initiatives, utilizing the platform’s operational expertise to restructure and refocus portfolio companies when appropriate. Environmental, social and governance (ESG) factors will also be important considerations in identifying investments for the Fund.