Morgan Stanley Investment Management (MSIM) has successfully closed its North Haven Private Equity Co-Investment Opportunities Fund III LP (PECO III), securing $2.3 billion in commitments. The fund, oversubscribed at its hard cap, provides private equity exposure through co-investments alongside leading buyout managers primarily in the lower middle market. Managed by Morgan Stanley Private Equity Solutions, which is part of MSIM’s $240 billion alternatives platform, PECO III continues the legacy of its predecessors, PECO I and PECO II. Neha Champaneria Markle, Head of Morgan Stanley Private Equity Solutions, emphasized the firm’s strong relationships with buyout funds. She pointed out, “We have a long history of serving as a partner of choice to sought-after buyout funds, and the success of the PECO program is a testament to the quality and discipline of our stable of lower middle market GP relationships.”
Furthermore, she highlighted their comprehensive support for General Partners through roles as Limited Partners, Co-Underwriting Partners, and financing sources. David N. Miller, Global Head of Morgan Stanley Private Credit & Equity, added that the firm’s extensive multi-manager platform and deep resources have enabled it to provide differentiated solutions to both investors and private equity managers. He stated, “The Private Equity Solutions team leverages their distinct investment culture, expansive network of primary fund relationships, diligence and execution experience, and access to Morgan Stanley’s broader platform resources to consistently deliver attractive performance for investors.”
