Morgan Stanley Capital Partners Secures $3.2B for Eighth North Haven Fund
Morgan Stanley Capital Partners (MSCP) has closed North Haven Capital Partners VIII at $3.2 billion, surpassing its original $2.5 billion target and reaching its $3 billion hard cap in less than 12 months. The raise represents a 60% increase over MSCP’s prior fund, which closed at $2 billion in 2022, highlighting continued investor demand for middle market private equity strategies.
The fund attracted commitments from a global LP base, including institutional investors, family offices, and high-net-worth individuals via Morgan Stanley Wealth Management’s platform. U.S. public pension backing included a $75 million commitment from the State of Wisconsin Investment Board (SWIB).
North Haven VIII continues MSCP’s established control-oriented strategy, targeting middle market services businesses across consumer, healthcare, business, and industrial sectors. The fund has already deployed approximately 17% of its committed capital across three platform investments: American Restoration, FoodScience (acquired from Wind Point Partners), and Thermogenics (acquired from Audax Private Equity).
“While mindful of macroeconomic uncertainty, we believe the U.S. middle market continues to offer attractive opportunities driven by entrepreneurial growth and structural sector dynamics,” said Aaron Sack, Head of MSCP.
MSCP operates as the middle market private equity arm of Morgan Stanley Investment Management, which oversees $1.6 trillion in AUM as of March 31, 2025.