Morgan Stanley has hired David Wilton as managing director to its Alternative Investment Partners business. Wilton will be focusing on the private equity side of that business unit and reporting to John Wolak.
Wilton was most recently the chief investment officer and manager of the International Finance Corporation’s private equity arm. In PEI’s September magazine, Wilton sat down for a lengthy exit interview where he discussed his views on private equity and emerging markets.
In his new role, Wilton will support Morgan Stanley’s sustainable investing efforts, which have been underway for one year. The AIP group plans to develop a private equity impact-investing program in partnership with the Morgan Stanley Institute for Sustainable Investing, which seeks to drive private capital toward investments promoting sustainable and profitable economic growth.
Morgan Stanley is one of the largest issuers of green bonds and was part of the largest ever US dollar green bond transaction conducted last week, with German development bank KfW. Morgan Stanley was also the underwriter on a $350 million green bond issuance in Massachusetts in September, for projects focusing on clean water, energy efficiency, open space protection and river clean up.
“I am very excited to be joining the private equity team at Morgan Stanley Alternative Investment Partners,” Wilton said. “I believe AIP is uniquely positioned to deliver an innovative private equity solution to investors who want to make a measurable positive impact while still seeking to generate market-rate returns.”
AIP was created in 2000 and currently has approximately $36.4 billion in assets under management and advisement.