Morgan Stanley Investment Management has closed its inaugural growth equity fund at $1.3 billion, significantly exceeding its initial target. The North Haven Growth & Innovation Fund has already invested in leading technology companies including Databricks, Anduril, and Ramp. The American bank and its affiliates contributed 24% of the total capital, demonstrating substantial commitment. This fund is part of a broader strategy to expand alternative assets, a segment that now represents $280 billion in assets under management at MSIM.
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