BusinessTimes
TOKYO: US investment bank Morgan Stanley said yesterday that its Asia private equity group has raised about US$1.5 billion (US$1 = RM3.40) to invest in the region's companies. Morgan Stanley Private Equity Asia (MSPE Asia), a part of the firm's global private equity group within the merchant banking division, will manage the fund.
"The new fund will allow clients and investors, as well as the firm, to capitalise on growth opportunities in Asia through direct investments," Hans Schuettler, chief executive of Morgan Stanley Asia, said in a statement. -Reuters
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