Morgan Stanley Infrastructure Partners (MSIP) announced it has raised $5.5 billion for North Haven Infrastructure Partners III. The private infrastructure investment team within Morgan Stanley Investment Management (MSIM) raised that money side months after the fund’s initial close in June.
A Goldman Sachs alternative capital team will launch soon, according to a memo seen by Reuters. The firm said that it will form an alternatives capital markets and strategy group under its merchant banking division.
Notz Stucki has purchased Geneva-based alternative investment management firm JAM Research.
A Toshiba hedge fund may soon emerge. The Japanese conglomerate is seeking a license to operate a hedge fund. The news comes just two years since activist hedge funds pressured the company to restructure its operations. Not only did Toshiba beat them, but they are also joining them.
Interest rates have been declining since the financial crisis and the resultant falling investment returns have put pension funds under pressure. Pension funds turn to alternative investments to offset the chronic low rates regime.