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Morgan Stanley Private Equity Asia nears final close for fourth vehicle

9 Oct 2013

dollar 20_sqMorgan Stanley is reportedly set to close its fourth Asian private equity fund in January next year.

Morgan Stanley Private Equity Asia (MSPEA) IV has received commitments of over $506m since November last year, according to documents filed with the US Securities and Exchange Commission.

The fund is likely to close in January 2014, said Private Equity International.

AltAssets revealed in January this year that the firm was hoping to hold a first close of up to $750m before the end of the month, and hoped to wrap up the fundraise within another six months.

That amount was thought to have been hit thanks to a $100m commitment from the Pennsylvania Public School Employees’ Retirement System, while LPs including the University of Michigan have pledged capital to the vehicle since.

Fund IV is expected to continue its predecessor’s focus on buyout deals across India, China, South Korea, Singapore, Japan, Taiwan and Australia, although the source said the latest vehicle would be hoping to see more activity in Korea than had been previously undertaken.

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