Morgan Stanley prepares for mixed asset sale – Exclusive

The bank is in talks with Houlihan Lokey to explore the sale of private equity, real estate and infrastructure stakes valued at as much as $2bn, PEI's sister title Secondaries Investor has learned.

Morgan Stanley, the US’s sixth largest bank by assets, is preparing to sell stakes in various alternative asset funds that could involve between $1 billion to $2 billion in holdings, PEI's sister title Secondaries Investor has learned.

The New York-headquartered bank is in talks with investment bank Houlihan Lokey to help it explore the disposal of interests in private equity, real estate and infrastructure funds, according to two sources familiar with the matter.

The bank wants to explore the sale of some of its assets to comply with the Volcker Rule, according to the sources.

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