NEW YORK — May 17, 2019, 10:30 AM EST

Morgan Stanley Investment Management today announced it has raised $785 million for the North Haven Senior Loan Fund L.P. and its related vehicles (collectively “NH SLF”) exceeding its original fundraising target. When combined with target leverage, NH SLF has approximately $1.1 billion of capital available for investment. NH SLF seeks to invest in privately negotiated senior secured loans issued by lower middle market companies in North America.

“NH SLF is an important expansion of our Private Credit offering and we are pleased with the strong support from investors,” said David N. Miller, Head of Global Private Credit and Equity for Morgan Stanley Investment Management. “Building on our long and successful track record in private credit, NH SLF is uniquely positioned to potentially generate attractive fixed income returns in a low yield environment.”

“We expect our portfolio companies will benefit from Morgan Stanley’s global platform, intellectual content and value added lending,” added Henry (“Hank”) D’Alessandro, Chief Investment Officer for NH SLF. “NH SLF is expected to benefit from the deal flow, resources, and relationships and due diligence advantages embedded in the Morgan Stanley Private Credit platform”

Investors in NH SLF include sophisticated institutional investors in Europe, Asia and the U.S. as well as qualified individual investors.

“NH SLF is expected to provide investors with a vehicle to access the relatively attractive risk-adjusted returns offered in the lower middle market direct lending niche, while offering borrowers the potential to access the network and scale benefits inherent in the Morgan Stanley platform,” said Tom Bergen, Portfolio Manager of NH SLF.

About Morgan Stanley Private Credit

Morgan Stanley Private Credit, part of Morgan Stanley Investment Management, is a private credit platform focused on direct lending and opportunistic private credit investing in North America and Western Europe. Morgan Stanley Private Credit investment professionals bring significant expertise in origination, structuring, credit analysis and principal investing in the leveraged finance markets. Since 2010, investment teams have completed over 60 transactions investing in excess of $1.9 billion. Based in New York, the team focuses on deploying capital in North America and Western Europe. For further information about Morgan Stanley Private Credit, please visit www.morganstanley.com/im/privatecredit.

About Morgan Stanley Investment Management

Morgan Stanley Investment Management, together with its investment advisory affiliates, has more than 671 investment professionals around the world and $480 billion in assets under management or supervision as of March 31, 2019. Morgan Stanley Investment Management strives to provide outstanding long-term investment performance, service and a comprehensive suite of investment management solutions to a diverse client base, which includes governments, institutions, corporations and individuals worldwide. For further information about Morgan Stanley Investment Management, please visit www.morganstanley.com/im.

About Morgan Stanley

Morgan Stanley (NYSE: MS) is a leading global financial services firm providing investment banking, securities, wealth management and investment management services. With offices in more than 41 countries, the Firm's employees serve clients worldwide including corporations, governments, institutions and individuals. For more information about Morgan Stanley, please visit www.morganstanley.com.