Morgan Stanley Investment Management Raises $785 million for North Haven Senior Loan Fund

NEW YORK–(BUSINESS WIRE)–Morgan Stanley Investment Management today announced it has raised $785
million for the North Haven Senior Loan Fund L.P. and its related
vehicles (collectively “NH SLF”) exceeding its original fundraising
target. When combined with target leverage, NH SLF has approximately
$1.1 billion of capital available for investment. NH SLF seeks to invest
in privately negotiated senior secured loans issued by lower middle
market companies in North America.

“NH SLF is an important expansion of our Private Credit offering and we
are pleased with the strong support from investors,” said David N.
Miller, Head of Global Private Credit and Equity for Morgan Stanley
Investment Management. “Building on our long and successful track record
in private credit, NH SLF is uniquely positioned to potentially generate
attractive fixed income returns in a low yield environment.”

“We expect our portfolio companies will benefit from Morgan Stanley’s
global platform, intellectual content and value added lending,” added
Henry (“Hank”) D’Alessandro, Chief Investment Officer for NH SLF. “NH
SLF is expected to benefit from the deal flow, resources, and
relationships and due diligence advantages embedded in the Morgan
Stanley Private Credit platform.”

Investors in NH SLF include sophisticated institutional investors in
Europe, Asia and the U.S. as well as qualified individual investors.

“NH SLF is expected to provide investors with a vehicle to access the
relatively attractive risk-adjusted returns offered in the lower middle
market direct lending niche, while offering borrowers the potential to
access the network and scale benefits inherent in the Morgan Stanley
platform,” said Tom Bergen, Portfolio Manager of NH SLF.

About Morgan Stanley Private Credit

Morgan Stanley Private Credit, part of Morgan Stanley Investment
Management, is a private credit platform focused on direct lending and
opportunistic private credit investing in North America and Western
Europe. Morgan Stanley Private Credit investment professionals bring
significant expertise in origination, structuring, credit analysis and
principal investing in the leveraged finance markets. Since 2010,
investment teams have completed over 60 transactions investing in excess
of $1.9 billion. Based in New York, the team focuses on deploying
capital in North America and Western Europe. For further information
about Morgan Stanley Private Credit, please visit www.morganstanley.com/im/privatecredit.

About Morgan Stanley Investment Management

Morgan Stanley Investment Management, together with its investment
advisory affiliates, has more than 671 investment professionals around
the world and $480 billion in assets under management or supervision as
of March 31, 2019. Morgan Stanley Investment Management strives to
provide outstanding long-term investment performance, service and a
comprehensive suite of investment management solutions to a diverse
client base, which includes governments, institutions, corporations and
individuals worldwide. For further information about Morgan Stanley
Investment Management, please visit www.morganstanley.com/im.

About Morgan Stanley

Morgan Stanley (NYSE: MS) is a leading global financial services firm
providing investment banking, securities, wealth management and
investment management services. With offices in more than 41 countries,
the Firm’s employees serve clients worldwide including corporations,
governments, institutions and individuals. For more information about
Morgan Stanley, please visit www.morganstanley.com.

Contacts

Media Relations: Lauren Bellmare, 212.761.5303