- Morgan Stanley (NYSE:MS +0.2%) Alternative Investment Partners team closes Riverview Strategic Opportunities Fund III with more than $500M in commitments.
- Morgan Stanley calls the fund an opportunistic hedge fund solution focused on hedge fund secondaries and co-investments.SOF III aims to solve liquidity pressure on hedge funds by purchasing hedge fund secondaries and pursuing co-investment partnerships with managers on medium-term investments.
- SOF III's investors include institutions--such as private and public pensions, corporations, foundations and family offices--and high net worth individuals, from a broad range of geographies.
- Source: Press Release
- Previously: Morgan Stanley sees biggest stock market correction since February (July 30)