Morgan Stanley closes $4 billion infrastructure fund

The New York investment bank, said it closed a $4 billion equity fund targeted at infrastructure deals. Morgan Stanley Infrastructure Partners had targeted equity commitments of $2.5 billion. The fund seeks to invest in "assets that provide public goods or essential services in sectors such as transportation, energy and utilities, social infrastructure and communications," Morgan Stanley said. The fund raised capital globally, via pension funds, insurers, individual investors, and Morgan Stanley and its staff, the firm said in a statement at the beginning of May.

Source: TEL AVIV (MarketWatch)