Morgan Stanley Capital Partners closed its latest mid-market fund North Haven Capital Partners VI at more than $1.5 billion.
The limited partners of NHCP VI include unidentified institutional private equity investors.
The fund will specifically target B2B services, consumer and industrial companies in North America.
According to MSCP, the fund has already deployed more than $378 million in six investments.
North Haven Capital Partners V closed in November 2009 at $1.2 billion. No information was available on the fund’s performance.
Photo: The corporate logo of financial firm Morgan Stanley is pictured on a building in San Diego, California, September 24, 2013. Reuters/Mike Blake