Morgan Stanley PE Asia closes Fund IV at $1.7b
Monday, July 07, 2014
(AVCJ) – Morgan Stanley Private Equity Asia (MSPEA) has closed its fourth Asian fund at approximately $1.7 billion. The vehicle launched in mid-2012 with a target of $1.5 billion and reached a first close later that year of around $750 million.
Two deals have already been completed from the fund – India's Janalakshmi Financial Services and Korean tissue paper manufacturer Monalisa – and at least five more are contracted. These include take-private deals for US-listed Chinese companies Sino Gas Holdings and Noah Education. They are likely to be MSPEA's fourth and fifth such deals, following the privatizations of dairy producer Feihe International and nutrients company Yongye International, as well as Singapore-listed Sihuan Pharmaceutical Holdings.
