MSPMS breaks $1bn for PECO II

Morgan Stanley's latest private equity offering has closed above target.

  • 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.