Morgan Stanley Investment Management Raises $3.6 Billion for its Second Global Infrastructure Fund and Assembles a $2.2 Billion Co-investment Club Consisting of a Group of the Fund’s Investors

Morgan Stanley Infrastructure, an investment team within Morgan Stanley Investment Management, today announced that it has raised $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 $2.2 billion for a total of $5.8 billion of available capital to invest in the infrastructure sector. Among the investors in NHIP II are some of the world’s largest and most sophisticated 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.

“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,” said Dan Simkowitz, Head of Morgan Stanley Investment Management. “With $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.”

NHIP II will pursue a global value-add strategy in developed markets, continuing to focus on high-quality assets in the energy, utilities and transportation sectors whose value may be significantly enhanced through operational improvements.

“Our proven ability to source proprietary investment opportunities will be, in our view, a key driver of value for NHIP II,” said Markus Hottenrott, Chief Investment Officer for Morgan Stanley Infrastructure. “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 is a leading global infrastructure investment platform. The team has a proven and disciplined approach to investing in infrastructure assets globally and seeks to create value through active asset management and by implementing operational improvements. Morgan Stanley Infrastructure’s team, based in New York, London, Melbourne, Hong Kong, Amsterdam and Mumbai, possesses considerable infrastructure knowledge and leverages its own senior-level relationships as well as the unparalleled global network of Morgan Stanley to source investment opportunities.

Morgan Stanley Investment Management, together with its investment advisory affiliates, has more than 600 investment professionals around the world and $406 billion in assets under management or supervision as of December 31, 2015. Morgan Stanley Investment Management strives to provide outstanding long-term investment performance, service and a comprehensive suite of investment management solutions to a diverse client base, which includes governments, institutions, corporations and individuals worldwide.

Morgan Stanley (NYSE:MS) is a leading global financial services firm providing investment banking, securities, wealth management and investment management services. With offices in more than 43 countries, the Firm’s employees serve clients worldwide including corporations, governments, institutions and individuals. For more information about Morgan Stanley, please visit www.morganstanley.com.

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