Morgan Stanley Alternative Investment Partners, which is a part of the bank’s asset management arm Morgan Stanley Investment Management, has opened an office in Hong Kong to cover Asian private equity fund of fund investments.
The firm has relocated Jie Gong from the US to Hong Kong to open its office. The new team will focus on opportunities in fund investments, co-investments and secondary investments.
Gong joined Morgan Stanley AIP as a US-based vice president in early 2007, prior to which she worked at JPMorgan in Hong Kong, London and New York. She has also worked at the International Finance Corporation, the private sector investment arm of the World Bank.
Morgan Stanley AIP comprises of a private equity fund of funds business, a fund of hedge funds business and a real estate fund of funds business, which was established earlier this year.
The private equity fund of funds business’ other offices are located in the US and UK. Its team consists of 30 investment professionals including five portfolio managers, 13 associates and analysts and ten portfolio specialists.
The private equity fund of funds team managed assets of about $7 billion as of 30 September 2008 across its managed investment funds and separate accounts. Its clients include public and corporate pension funds, financial institutions and endowment funds.
In March 2008, the firm appointed Joseph Stecher, former managing director of Goldman Sachs’ real estate fund of funds, as managing director and chief investment officer for Morgan Stanley Alternative Investment Partners’ newly established real estate fund of funds business.