Private Equity Funds - Morgan Stanley

Press release

Morgan Stanley Private Equity Names Eric Fry and Michael Hehn Partners

Oct 24 2007 | New York


Morgan Stanley announced today that Michael Hehn and Eric Fry have joined Morgan Stanley as Managing Directors in Morgan Stanley Private Equity, the Firm’s private equity group. Mr. Fry joined from Metalmark in August 2007 based in New York; Mr. Hehn was most recently at Allianz Capital Partners and will join the Firm in December 2007 based in London. They will both be responsible for building the Firm's global private equity business for third-party investors, focusing on leveraged buyouts, corporate divestitures, sponsored recapitalizations, joint ventures and other direct investments in their respective regions.

Mr. Fry brings more than 15 years of private equity experience. He rejoins Morgan Stanley after serving as a Managing Director at Metalmark Capital from 2004 to 2007. Mr. Fry first joined Morgan Stanley in 1989 and Morgan Stanley Capital Partners in 1991; he was named a Managing Director of Morgan Stanley in 2001. Mr. Fry was a member of the investment committees of Morgan Stanley Capital Partners III, Morgan Stanley Capital Partners IV and the Morgan Stanley Global Emerging Markets Fund. He holds a B.S. in Economics, summa cum laude, from The Wharton School of the University of Pennsylvania and an M.B.A. from Harvard Business School.

Mr. Hehn brings a decade of private equity experience. He most recently served as director and a member of the executive committee at Allianz Capital Partners in Munich, Germany, focused on majority investments in Western Europe. He also worked at Merrill Lynch’s Mercury Private Equity (now HgCapital) and The Boston Consulting Group. Mr. Hehn began his career at Andersen Consulting. He received a master of science from Graz University of Technology in Graz, Austria, and an M.B.A from Northwestern University.

“Since determining to reenter the global private equity business, we have assembled a team of top talent from both inside and outside Morgan Stanley,” said Steve Trevor, co-head of both Morgan Stanley Private Equity and the Merchant Banking Division. “Private equity investing is an important business to the Firm and with our strong leadership team in place we will capitalize on the Firm’s unique relationships around the world and utilize the full resources and capabilities of our firm to create industry-leading private equity products and, we believe, above-market returns for the investors we serve.”

Alan Jones, Managing Director and co-head of Morgan Stanley Private Equity commented: “Eric and Michael are excellent additions to our team. They both bring a depth of private equity experience that will prove invaluable as we build a world-class private equity investing platform. We believe that the ongoing globalization and transformation of the economy will produce continued private equity opportunities and that our solid team, coupled with the global Morgan Stanley platform, will be uniquely positioned to capitalize on these opportunities.”

Morgan Stanley Private Equity, part of Morgan Stanley Investment Management’s Merchant Banking Division, makes private equity and equity-related investments on a global basis. Morgan Stanley Private Equity utilizes Morgan Stanley’s vast resources, including the Firm’s global franchise and relationships with leading corporates, management teams and financial sponsors, to source attractive opportunities for its investment funds. Morgan Stanley’s roots in private equity investing date back to 1985 with the Morgan Stanley Capital Partners private equity funds. To date, Morgan Stanley Private Equity and its predecessor funds have invested nearly $6.5 billion of equity across a broad spectrum of industries.

Morgan Stanley (NYSE: MS) is a leading global financial services firm providing a wide range of investment banking, securities, investment management and wealth management services. The Firm's employees serve clients worldwide including corporations, governments, institutions and individuals from more than 600 offices in 32 countries.


http://www.morganstanley.com/about/press/articles/5718.html

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Press Release

Morgan Stanley Raises New Asia-Dedicated Private Equity Fund

Oct 02 2007 | Hong Kong


Morgan Stanley (NYSE:MS) today announced that its Asia private equity group, Morgan Stanley Private Equity Asia (MSPE Asia), has raised aggregate commitments of approximately US$1.5 billion for Morgan Stanley Private Equity Asia III, L.P. (the Asia Fund), the Firm’s third investment vehicle targeting private equity investments in Asia. MSPE Asia, which is part of the Firm’s global private equity group within the Merchant Banking Division, will manage the Fund.

“The new fund will allow clients and investors, as well as the Firm, to capitalize on growth opportunities in Asia through direct investments,” said Hans Schuettler, Chief Executive Officer, Morgan Stanley Asia. “In addition, it reflects our commitment to principal investing in the region, not only in private equity, but also in real estate and other opportunities across the capital structure.”

The investor group is comprised of leading global institutions and high net-worth individuals, as well as Morgan Stanley and its employees.

The Asia Fund will invest in leading businesses located across the region with strong value propositions and has already begun to review investment opportunities. It will have a traditional five-year investment period followed by a five-year harvest period.

“Morgan Stanley has been an active and successful private equity investor in the region since 1993,” said Chin Chou, Chief Executive Officer of MSPE Asia. “We will continue our valueoriented investment strategy, focused not only on opportunities in China, South Korea, Singapore and Taiwan, where we have established track records, but also on other important markets such as Japan, India and Australia.”

Mr. Scott Hahn, Chief Investment Officer of MSPE Asia, added, “We are very pleased with the positive reception to our third and largest fund directed at Asia and believe that market conditions present advantages as the Asia Fund begins to invest capital.”

Stephen Trevor, co-head of both Morgan Stanley’s global private equity business and its Merchant Banking Division, said, “Asia continues to be a primary focus area for the Firm’s merchant banking activities. Morgan Stanley’s franchise in the region has allowed us to access the highest quality, differentiated investment opportunities for our investor clients, which have consistently led to strong investment returns.”

MSPE Asia is one of the leading private equity investors in Asia Pacific. The group has invested in the region for more than 14 years, developing one of the leading investment track records during that time. The group has made a number of investments in businesses throughout Asia, including most recently Belle International, Dongxiang Sports and Shanshui Cement in China, Rotem and Ssangyong Corporation in South Korea, CTCI Corporation in Taiwan, and Asia Capital Reinsurance in Singapore. In addition, it previously invested in Ping An Insurance and Mengniu Dairy in China, eAccess in Japan, HTL International in Singapore and Landmark Investment Trust Company in South Korea.

MSPE Asia is part of Morgan Stanley’s global private equity business within Merchant Banking, a division of Morgan Stanley Investment Management. Merchant Banking sponsors traditional private equity funds, infrastructure-focused funds, and one of the industry’s leading real estate investing platforms globally. By leveraging the Morgan Stanley network and brand to generate ideas, harness relationships and create investment opportunities, Morgan Stanley’s Merchant Banking Division delivers superior returns for its investor clients.

Morgan Stanley is a leading global financial services firm providing a wide range of investment banking, securities, investment management and wealth management services. The Firm's employees serve clients worldwide including corporations, governments, institutions and individuals from more than 600 offices in 32 countries. For further information about Morgan Stanley, please visit www.morganstanley.com.


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Press Release
Morgan Stanley Private Equity Hires Gary S. Matthews as Managing Director and Operating Partner

Oct 01 2007 | New York


Morgan Stanley announced today that Gary S. Matthews will join the Firm as a Managing Director and Operating Partner for Morgan Stanley Private Equity, the Firm’s global private equity business. In this role, Mr. Matthews will assist the private equity team in identifying companies for leveraged buyouts, corporate divestitures, sponsored recapitalizations, joint ventures and other direct investments, and will help oversee the management and strategies for those businesses.

Mr. Matthews brings leadership experience across a number of industries. He has led several private equity backed companies and public company business units, including Simmons Bedding Company, Sleep Innovations, Inc., Bristol-Myers Squibb and Derby Cycle Corporation. He also served as Managing Director UK for Diageo/Guinness Limited from 1998 to 1999, as President and CEO of Guinness Import Company from 1996 to 1997 and held senior management positions at PepsiCo and McKinsey & Company. Mr. Matthews began his career at Procter & Gamble. He holds a B.A., cum laude, from Princeton University and an M.B.A. with distinction from Harvard Business School.

“Gary is a proven CEO in both the public and private equity arenas, and has generated top and bottom line growth for more than two decades by transforming internally focused companies into market driven organizations,” said Stephen Trevor, Co-Head of both Morgan Stanley Private Equity and the Firm’s Merchant Banking division. “Operating partners are critical to our strategy of building a world-class private equity franchise and we are pleased to welcome Gary to the team.”

“Gary embodies the traits we look for in an operating partner,” said Alan Jones, Co-Head of Morgan Stanley Private Equity. “He has a successful track record of attracting top-flight management talent and building and motivating teams to create winning cultures with successful business strategies that yield positive financial results.”

Morgan Stanley Private Equity is part of the Merchant Banking division of Morgan Stanley Investment Management. Merchant Banking, led by Stephen Trevor and Jay Mantz, sponsors traditional private equity funds, infrastructure-focused funds and one of the industry-leading real estate investing platforms globally. By leveraging the Morgan Stanley network and brand to generate ideas, harness relationships and create investment opportunities, Morgan Stanley’s Merchant Banking Division aims to deliver superior returns for its investor clients.

Morgan Stanley Investment Management, together with its investment advisory affiliates, has over 800 investment professionals around the world and approximately $577 billion in assets under management or supervision as of August 31, 2007. These entities offer investment management services to a diverse client base, which includes governments, institutions, corporations and individuals.



http://www.morganstanley.com/about/press/articles/5568.html





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Press Release

Morgan Stanley Names Brian Magnus as Co-Head of Its Private Equity Business in Europe

Aug 07 2007 | New York


Morgan Stanley announced today a series of senior appointments that bolsters the Firm's momentum in Europe and promotes a new generation of banking leaders into key posts.

As part of the moves, Brian Magnus has been named Co-Head, with Graham Keniston-Cooper, of its Private Equity business in Europe. Magnus is currently Head of UK Investment Banking for Morgan Stanley. Morgan Stanley announced that Keniston-Cooper joined the Firm in July.

The Firm also announced that Simon Smith, currently Deputy Head of European Investment Banking, will take over from Magnus as Head of UK Investment Banking, reporting to Franck Petitgas, Head of International Investment Banking. Additionally, Mark Warham will serve in a new role of Chairman of UK Investment Banking upon his return to Morgan Stanley from the UK’s Takeover Panel, where he has been on secondment as Director General for the past two years. Warham will also report to Petitgas.

Magnus and Keniston-Cooper will work together to build a private equity team based in London and establish Morgan Stanley’s European private equity business for third-party investors. They will focus on direct investments, joint ventures, leveraged buyouts and fund investments in Europe and report to Stephen Trevor and Alan Jones, Global Co-Heads of Morgan Stanley Private Equity.

“Brian is one of Morgan Stanley’s most experienced bankers in Europe with deep knowledge of our platform,” said Trevor. “We believe that his experience will be the perfect complement to Graham’s long track record of private equity investing and will deliver success in our European private equity business.”

In addition, Michele Colocci, a senior Managing Director in the M&A group, will be promoted to Deputy Head of European Investment Banking, replacing Simon Smith. Colocci will report to Petitgas.

Commenting on the appointments of Smith and Warham, Petitgas said, “I would like to take this opportunity to thank Brian for his contribution to our leading UK franchise and wish him well in his new role. We are delighted to have two skilled and experienced bankers, in Simon and Mark, whose expertise and deep client relationships will play a critical role in further building on our momentum in this key market. Finally, I would like to thank Simon who has been an excellent partner to me over the last 18 months and I very much look forward to working with Michele.”

About Morgan Stanley Investment Management
Morgan Stanley Investment Management, together with its investment advisory affiliates, has nearly 800 investment professionals around the world and approximately $560 billion in assets under management or supervision as of May 31, 2007. These entities offer investment management services to a diverse client base, which includes governments, institutions, corporations and individuals.


http://www.morganstanley.com/about/press/articles/5347.html




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Press Releases

Morgan Stanley Appoints Stephen Trevor and Alan Jones as Co-Heads of Newly Established Private Equity Business Within Its Asset Management Division

Sep 26 2006 | New York


Morgan Stanley announced today that Stephen Trevor and Alan Jones will become Co-Heads of the newly established private equity business within Morgan Stanley Investment Management (MSIM). Mr. Trevor will join the Firm from Goldman Sachs, where he is a Managing Director in the Principal Investment area. Mr. Jones is currently Head of Morgan Stanley's Corporate Finance Department.

Mr. Trevor and Mr. Jones will be responsible for building and leading the Firm's private equity business for third-party investors. They will focus on direct investments, joint ventures, leveraged buyouts and fund investments and will oversee the Firm's infrastructure business as well. They will report to Owen Thomas, President and Chief Operating Officer of MSIM. Mr. Trevor, who will join Morgan Stanley in March 2007, will also become a member of the Firm's Management Committee.

Mr. Trevor, 43, has been based in New York since 2004, primarily focusing on industrial investing for Goldman Sachs' Principal Investment area. From 1999 to 2004, Mr. Trevor was based in London and led Goldman Sachs Capital Partners' investing activities in Germany. He joined Goldman Sachs in 1992 and previously worked in Hong Kong in the firm's Investment Banking and Real Estate Principal Investment areas. Prior to joining Goldman Sachs, Mr. Trevor worked at Time Warner, Inc. He received an M.B.A. from Harvard Business School in 1992 and was a member of the United States Olympic fencing team in 1984 and 1988.

Mr. Jones, 45, has been with Morgan Stanley since 1993. He is a Managing Director and has been Head of the Corporate Finance Department since 2005. Prior to that, Mr. Jones served for three years as Global Co-Head of the Financial Sponsors Group. From 2001 to 2002, he was Head of Global Leveraged Finance and from 2000 to 2001 served as Co-Head of Global Leveraged Finance. From 1997 to 2000, Mr. Jones was based in London, where he established and ran the Firm's European Leveraged Finance Department. Mr. Jones also served as a coverage officer in the Firm's U.S. Financial Sponsors Group from 1993 to 1997. He graduated from Harvard College and received an M.B.A. from Harvard Business School.

John J. Mack, Chairman and Chief Executive Officer of Morgan Stanley, said, "Steve Trevor and Alan Jones are a perfect team to lead our private equity initiatives. Steve Trevor is a world-class banker and leader with extensive private equity experience, having worked in the principal investment business in Hong Kong, Europe and, most recently, New York. Alan Jones is one of Morgan Stanley's most talented and influential bankers and has worked with financial sponsors for most of his 20-year career. His deep knowledge of Morgan Stanley's platform and his strong relationships in the private equity community will prove invaluable as we look to build our own private equity business."

"As we move to grow our private equity business, we are assembling a team of top talent from both inside and outside the Firm, and we are extremely pleased that these two very experienced executives will be leading our efforts," said Robert Scully, Co-President of Morgan Stanley. "Morgan Stanley's bankers offer unparalleled capabilities for sourcing investment opportunities, and our new private equity team will work to create investment funds that can leverage those opportunities and allow us to co-invest alongside our clients."

Owen Thomas said, "As we accelerate our private equity initiatives, our private equity team will utilize the full resources and capabilities of our firm to create industry-leading private equity products for the investors we serve."

About Morgan Stanley Investment Management
Morgan Stanley Investment Management, together with its investment advisory affiliates, has over 400 investment professionals around the world and $448 billion in assets under management or supervision as of August 31, 2006. These entities offer investment management services to a diverse client base, which includes governments, institutions, corporations and individuals.

About Morgan Stanley
Morgan Stanley (NYSE: MS) is a leading global financial services firm providing a wide range of investment banking, securities, investment management, wealth management and credit services. The Firm's employees serve clients worldwide including corporations, governments, institutions and individuals from more than 600 offices in 30 countries.

http://www.morganstanley.com/about/press/articles/3911.html
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Press Release



Morgan Stanley Alternative Investment Partners Raises $1 Billion for Private Markets Fund III

Jun 16 2006 | New York


Morgan Stanley (NYSE: MS) announced today that Morgan Stanley Alternative Investment Partners (Morgan Stanley AIP) raised $1 billion in commitments for Morgan Stanley Private Markets Fund III ("Private Markets Fund III").

"We've had strong demand for this offering from clients worldwide," said Cory Pulfrey, Head of Morgan Stanley AIP. "The majority of our largest existing investors in our prior private markets fund have committed to Private Markets Fund III and we've also added a number of new limited partners, including insurance companies, endowments, foundations, pension plans, family offices and other high net worth investors. We believe that our successful fund-raising effort demonstrates a vote of confidence in both our highly opportunistic investment approach and our talented team of investors."

The objective of Private Markets Fund III is to provide investors with superior risk-adjusted returns through global investments in primary funds, co-investments and direct secondaries. Morgan Stanley AIP Global Diversified Fund LP ("Private Markets Fund II"), which Morgan Stanley AIP launched in April 2004, shared the same objective and raised $500 million in commitments.

Private Markets Fund III incorporates three main strategies: Buyouts, primarily North American and Western European, Global Venture Capital and Special Situations. Morgan Stanley AIP's investment strategy emphasizes less efficient market segments and targets managers with unique skill sets in the U.S., Western Europe and emerging private-equity markets like Japan. Morgan Stanley AIP currently expects that Private Markets Fund III, in addition to investing in private equity funds, will invest approximately one third of its committed capital in a combination of secondary interests and direct co-investments made alongside high quality financial sponsors.

"We proactively seek out investment opportunities that are unique and that other managers may not be as likely to consider," said Tom Dorr, Chief Investment Officer, Private Markets Team. "We continue to believe that attractive risk-adjusted returns can be achieved by having a global focus, a diversified portfolio and also by considering a wide range of investment opportunities broadly within private equity."

"The success of Private Markets Fund III clearly demonstrates investors' high demand for expertise in the alternatives space," said Stuart Bohart, Head of Alternative Investments at Morgan Stanley Investment Management. "Building our alternatives business is a key priority for the Firm and providing our clients market leading, innovative product offerings like this is critical to our strategy."

Morgan Stanley
Morgan Stanley is a global financial services firm and a market leader in securities, asset management and credit services. With more than 600 offices in 30 countries, Morgan Stanley connects people, ideas and capital to help clients achieve their financial aspirations.

Morgan Stanley Investment Management
The firm's investment management division, with over 400 investment professionals around the world, manages assets in excess of $442 billion and offers asset management services to a diverse client base which includes: governments, institutions, corporations, and individuals.

Morgan Stanley AIP
Morgan Stanley Alternative Investment Partners (Morgan Stanley AIP) is Morgan Stanley's primary portfolio of private equity funds and portfolio of hedge funds manager, and is part of the broader Morgan Stanley Investment Management business. As of June 16, 2006, the Private Markets team of Morgan Stanley AIP oversees more than $4.39 billion in private equity commitments in portfolios of private equity funds and separately managed accounts and is one of the largest fund of private equity funds managers in the world.

http://www.morganstanley.com/about/press/articles/3757.html