Morgan Stanley considers private credit fund launch
Morgan Stanley is considering allocating a portion of its balance sheet into a new private credit fund.
The bank, based in New York, held talks about putting in $1bn (£792m) to $2bn of capital into the new strategy, which would include capital from external investors, Bloomberg said, citing sources with knowledge of the matter.
The fund would look to raise around $4bn to $5bn from limited partners. No final decisions have been made and Morgan Stanley declined to comment.
If it goes ahead, Morgan Stanley is considering making large senior-secured, performing unitranche loans to borrowers.
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