Morgan Stanley Infrastructure, the global infrastructure investment platform of Morgan Stanley, has recently announced that it has raised US$3.6 billion for North Haven Infrastructure Partners II (NHIP II), the successor fund to North Haven Infrastructure Partners (NHIP).
The team has also assembled a co-investment club consisting of a group of NHIP II’s investors with a nominal amount of up to US$2.2 billion achieving a total amount of US$5.8 billion of available capital to invest in the infrastructure sector.
Among the investors in NHIP II are some institutional infrastructure investors, including public and private pension funds, sovereign wealth funds and insurance companies with very strong support from investors in the predecessor fund, NHIP.
According to the company, NHIP II will pursue a strategy focused in developed markets, in assets within the energy, utilities and transportation sectors whose value may be significantly enhanced through operational improvements.
Dan Simkowitz, Head of Morgan Stanley Investment Management, said:
“We are pleased that investors have once again placed their trust in us to deliver a long-term, stable source of investment income and strong capital appreciation with inflation-linked characteristics. With US$4.9 billion of gross capital invested and committed across 22 investments to date and investment professionals and operational specialists located in six countries, the Morgan Stanley Infrastructure team is among the largest and most experienced in the industry. We believe that the opportunity set in infrastructure will be very attractive in the coming years and are confident in our ability to continue to generate superior risk-adjusted returns.”
Markus Hottenrott, Chief Investment Officer for Morgan Stanley Infrastructure, added:
"Our proven ability to source proprietary investment opportunities will be, in our view, a key driver of value for NHIP II. We believe that long-term trends in the infrastructure sector in North America, Europe and Asia-Pacific, coupled with current market dislocations, are supportive of our strategy to acquire assets at attractive valuations and employ our operational expertise to de-risk them and increase profitability.”
Morgan Stanley Infrastructure, part of Morgan Stanley Investment Management, is an infrastructure investment and management platform with US$4 billion under management that focuses on assets providing essential public goods and services to societies across the globe.