Morgan Stanley Capital Partners (MSCP), the middle-market private equity team within Morgan Stanley Investment Management, has announced the final close of North Haven Capital Partners VIII (Fund VIII) with $3.2 billion in total capital commitments. The fundraise exceeded its $2.5 billion target and reached its $3.0 billion third-party hard cap in under 12 months, representing a 60 percent increase from the $2.0 billion raised for Fund VII in 2021.
Crain's Chicago Business reports that Fund VIII attracted strong backing from both returning and new investors. Commitments came from institutional LPs, family offices, and individual clients of Morgan Stanley Wealth Management across the Americas, Europe, and Asia.
Aaron Sack, Head of MSCP, expressed appreciation for the investor support and optimism for the current investment landscape. "We are excited to have capital to invest in a changing landscape, where valuations may prove more favorable than in past years," Sack said. "We believe the U.S. middle market represents a dynamic engine of economic growth and entrepreneur-driven innovation."
Fund VIII will follow MSCP's long-standing strategy of control investments in services-oriented businesses across the consumer, business, healthcare, and industrial sectors. MSCP plans to continue leveraging its proprietary value creation playbook to drive operational improvements, accelerate organic growth, and scale durable organizations in partnership with founder-led management teams.
David N. Miller, Global Head of Private Credit and Equity at Morgan Stanley, noted that the close reflects confidence in MSCP's differentiated model. "We believe the team has a proven, repeatable strategy that has delivered strong returns through disciplined execution and transformational partnerships," he said.
To date, Fund VIII has already deployed approximately 17 percent of its capital into three platform companies: American Restoration, FoodScience, and Thermogenics.
Financial Advisor Transitions consults advisors nationwide to explore employment transition options and to preserve and protect their practice in any transition that they make.
