Morgan Stanley has raised $2 billion for its latest private equity fund North Haven Capital Partners VII from investors including clients of its wealth-management arm and institutions.
Morgan Stanley Capital Partners writes average equity checks of about $170 million, and targets U.S. opportunities including founder recapitalizations and platform builds in the industrial, business services, consumer, education and health sectors. Its latest vehicle has invested roughly 42% of committed capital, with the most recent transaction be purchase of a controlling stake in SpendMend, a provider of cost-cycle management and other services to health-care providers.
The latest North Haven fund has also made bets on companies including Alliance Technical Group, Sila Heating & Air Conditioning, Nivel Parts & Manufacturing and Magma HDI General Insurance. Its investors include Investment Management Corp. of Ontario.
Read more: Yahoo Finance
