Asset owners back Morgan Stanley’s fourth Asia fund
The bank has raised $1.7 billion for Fund IV, with twice the level of institutional interest as its last Asia fund. It says it is seeing the best value for China PE deals in a decade.
US bank Morgan Stanley says it is seeing the best value for China private equity deals in a decade as it looks to deploy capital after raising $1.7 billion from asset owners for its fourth Asia fund.
Morgan Stanley Private Equity Asia IV has been more strongly backed by institutional investors than the bank’s previous fund, with their participation estimated at around double the size – a reflection of the search for yield.
Investors in Fund IV include US state pension plans, sov…
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