Morgan Stanley Infrastructure Partners has raised approximately $2 billion for its third global infrastructure fund, North Haven Infrastructure Partners (NHIP) III, according to media sources.
Launched in May, the value-add infrastructure fund is reportedly targeting $4 billion in capital commitments. The Teacher Retirement System of Texas said it committed $200 million to the fund in August.
Morgan Stanley could not be reached to comment on its fundraising efforts.
The previous fund in the series, NHIP II, closed with $3.6 billion in capital commitments in March 2016. The fund pursues 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.
