Morgan Stanley raises $1.5bn

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Morgan Stanley Investment Management has raised $1.5 billion for its North Haven Capital Partners VI. The New York-headquartered firm began fundraising in 2014 with a $1.5 billion target.

Its previous fund raised $1.5 billion in 2009.

Investors that committed to North Haven Capital Partners VI include the Constitution Capital Partners.

The fund will target buyout opportunities in a diverse number of sectors globally.