– Morgan Stanley Capital Partners (MSCP) has announced the final close of North Haven Capital Partners VIII (NHCP VIII) with $3.2 billion in total capital commitments.
– Fund VIII was significantly oversubscribed, exceeding its $2.5 billion target and hitting its $3.0 billion hard cap within 12 months of its first close in Q3 2024.
– Represents a 60% increase over Fund VII, which closed at $2.0 billion in 2021.
– Strong investor backing from:
▪️Existing and new institutional investors
▪️High-net-worth family offices
▪️Individual clients of Morgan Stanley Wealth Management
▪️Global reach: North & South America, Europe, and Asia
– MSCP will continue its strategy of control investments in U.S. middle market companies with a focus on:
▪️Consumer, business, healthcare, and industrial services
▪️Accelerating organic growth, expanding into new markets, and building resilient organizations
– The fund applies MSCP’s proprietary value creation playbook and leverages Morgan Stanley’s global resources.
– 17% of Fund VIII’s capital has already been deployed across three companies:
▪️American Restoration – property mitigation and restoration services
▪️FoodScience, LLC – pet and human nutritional supplements
▪️Thermogenics – boiler service and maintenance provider
– Aaron Sack, Head of MSCP: Emphasized favorable valuation environment and U.S. middle market dynamism.
– David N. Miller, Global Head of Private Credit and Equity: Highlighted investor confidence in MSCP’s repeatable value creation strategy.
