Morgan Stanley Real Estate Investing (MSREI), the private real estate investment arm of Morgan Stanley Investment Management, has raised roughly $3.1 billion for its North Haven Real Estate Fund X Global (G10).
The fund surpassed its original fundraising target as well as the size of its predecessor fund, North Haven Real Estate Fund IX Global, which held a $2.73 billion final close in 2018, exceeding its $2.5 billion fundraising target.
The investor base includes a sophisticated group of public and private pension funds, sovereign wealth funds, insurance companies, and individuals from around the world. More than 80 percent of the institutional capital represents commitments from existing North Haven Real Estate clients.
G10 will make value-add and opportunistic real estate investments globally, following the same strategy as its three predecessor global funds — G7, G8 and G