Morgan Stanley Investment Management has closed its first dedicated corporate mezzanine fund, at $956m.
Morgan Stanley Credit Partners L.P. invests in middle and upper-middle market corporations in the context of leveraged buyouts, debt refinancings, recapitalizations and acquisitions across a broad range of industry sectors.
The geographic focus of the fund, which has already invested over $160m in five portfolio companies, is on North America and Western Europe.
Hank D’Alessandro is Managing Director and Head of Morgan Stanley Credit Partners, which was established in 2009 as a core strategy within Morgan Stanley Investment Management’s Merchant Banking business.
The investment vehicle is based in New York.