Morgan Stanley Investment Management announced the final close of its North Haven Private Equity Co-Investment Opportunities Fund III LP (PECO III), which reached its hard cap with approximately $2.3 billion in total commitments. The fund provides private equity exposure through co-investments with buyout managers primarily in the lower middle market.
Managed by Morgan Stanley Private Equity Solutions, PECO III follows the firm's two previous co-investment funds, continuing a track record of nearly $6 billion in commitments since the platform's inception. Neha Champaneria Markle, Head of Morgan Stanley Private Equity Solutions, stated, “We have a long history of serving as a partner of choice to sought-after buyout funds, and the success of the PECO program is a testament to the quality and discipline of our stable of lower middle market GP relationships. We look forward to continuing to broadly support GPs whether as a limited partner, as a co-underwriting partner, as a warehouse provider, or as a financing source.”
David N. Miller, Global Head of Morgan Stanley Private Credit & Equity, added, “We are proud of the strength of our robust multi-manager private equity platform and our demonstrated ability to provide differentiated solutions to both private equity managers and investors on a global scale.”
Morgan Stanley Private Equity Solutions was founded in 1999 and has committed over $27 billion to more than 1,200 private markets investments. Morgan Stanley Investment Management, with over 1,400 investment professionals, manages $1.6 trillion in assets globally as of March 31, 2025. Morgan Stanley continues to provide a range of financial services globally.
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