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India-Based Morgan Stanley Plans to launch its second Private Credit Fund of around $750 Million

Morgan Stanley India is preparing to open a second $750 million private credit fund, according VCCircle, which cited sources with knowledge of the move.

Morgan Stanley India is preparing to open a second $750 million private credit fund, according VCCircle, which cited sources with knowledge of the move.

The company, which oversees the North Haven India Infrastructure Fund, hopes to raise over twice as much as it did during its previous venture.

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Although it had previously raised $300 million, the report stated that it is optimistic about generating a considerably higher corpus this time around because the launch fund just saw a few profitable exits.

Last month, the company sold its iBus Network investment to the National Investment and Infrastructure Fund and withdrew its ownership of Leap India.

Over time, the nation’s infrastructure spending has increased, and a few major international investors have established funds specifically for infrastructure in India.

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One of the biggest pension funds in the world, Canada Pension Plan Investment Board, committed an additional $219 million to India’s National Highways Infra Trust in March.

Months after contributing $400 million to Serentica Renewables, an Indian company, KKR made another $250 million investment in the company last year. The company’s renewable energy division, Hero Future Energies, received a $450 million investment last year from KKR and Hero Group.

About Morgan Stanley

Morgan Stanley India has a top-tier institutional securities platform that provides research along with a comprehensive array of services for investment banking, capital markets, equities, fixed income, commodities, and derivative products.

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