- Fund name: Private Equity Co-Investment Fund II
- Target size: $750 million
- Fund size: $1.25 billion
- Stage of fundraising: Final Close
- Final close date: October 2022
- Predecessor fund: Private Equity Co-Investment Fund I ($425 million)
Morgan Stanley Private Markets Solutions has confirmed the final closing of Private Equity Co-Investment Fund II (PECO II). PECO II was oversubscribed, closing on $1.25 billion in total commitments and exceeding its target of $750 million.
Following its predecessor, PECO II offers private equity exposure through co-investments in small- and mid-cap buyout/growth companies across North America and Europe.
Founded in 1999, Morgan Stanley Private Markets Solutions (formerly AIP Private Markets) is a leading limited partner in private markets, serving as a co-investment partner to financial sponsors. Its broad private markets investment platform encompasses globally diversified fund of funds programmes, custom mandates and specialised programmes offering exposure to co-investments, secondaries, venture capital, and impact, among other strategies.