NEW YORK--(BUSINESS WIRE)--Morgan Stanley Alternative Investment Partners (AIP) has recently closed on over $500 million in commitments from global pension funds, sovereign wealth funds, insurance companies, and high net worth individuals for AIP Phoenix Global Real Estate Secondaries Fund II (Phoenix II) and other real estate fund of funds separate accounts. Phoenix II will focus primarily on acquiring secondary interests in private equity real estate funds and making co-investments alongside fund managers.
“We are extremely pleased with the success of our fundraising in 2014,” said Paul Vosper, COO and Co-Head of the AIP Real Estate group. “This is further recognition of the team’s ability to provide investors with a focused, high value investment strategy.”
“Our approach is characterized by a disciplined investment strategy and process that aims to deliver strong, consistent performance through real estate cycles,” said David Boyle, CIO and Co-Head. “Key to that approach has been our ability to partner with what we believe are leading small- to mid-sized fund managers around the world − groups that we believe have a competitive edge in their local market and are able to generate returns through fundamental analysis.”
Arthur Lev, Head of AIP, added, “At Morgan Stanley AIP, we seek to provide access to a diverse set of solutions across a wide range of alternative investments. This latest successful fundraising demonstrates how our deep experience and world-class investment talent resonates with clients.”
The AIP Real Estate group is based in New York, London and Hong Kong.
Morgan Stanley Alternative Investment Partners (AIP), part of Morgan Stanley Investment Management, specializes in assisting institutional and high net worth investors achieve their goals through the design and management of alternative investment programs. Our investment teams have broad expertise in fund investing, secondaries and co-investing across hedge fund, private equity, real estate and multi-asset class strategies. Our solutions include custom alternative investment portfolios, completion strategies, diversified and opportunistic multi-manager strategies and fiduciary management. Established in 2000, AIP has approximately $37.2 billion in assets under management and advisement. 1
Morgan Stanley (NYSE:MS) is a leading global financial services firm providing investment banking, securities, investment management and wealth management services. With offices in more than 43 countries, the Firm's employees serve clients worldwide including corporations, governments, institutions and individuals. For further information about Morgan Stanley, please visit www.morganstanley.com.
All reasonable steps have been taken to ensure that, as at the date of preparation, the information contained herein is true and accurate in all material respects. The information presented does not constitute, and should not be construed as, investment advice or recommendations with respect to the investments mentioned. Moreover, neither the information nor any opinion expressed constitutes a solicitation for the purchase or sale of any investment.
1 As of December 31, 2014. Presented in U.S. Dollars. Morgan Stanley AIP’s total assets of approximately $37.2 billion comprises approximately $29.1 billion of assets under management (AUM) and approximately $8 billion of assets under advisement. Approximately $1.5 billion of assets cross-invested across AIP product lines have been subtracted from the total so as to avoid double-counting. AUM is based on (i) total net asset value of its fund-of-hedge-funds managed investment vehicles and separate accounts; (ii) value of all partners’ capital accounts and investors’ invested capital, plus their respective unfunded commitments, of private equity funds of funds and private equity separate accounts; and (iii) value of all partners’ capital accounts and investors’ invested capital, plus their respective unfunded commitments, of real estate funds of funds and real estate separate accounts. The value of private equity and real estate assets under management in separate accounts not solely dedicated to private equity or real estate investments managed by the relevant team is defined as the carrying value of all private equity or real estate assets, plus unfunded private equity or real estate commitments.