Morgan Stanley Investment Management Reaches $750 Million Fund Closing
Morgan Stanley Investment Management Finalizes 1GT Fund at $750 Million
Morgan Stanley Investment Management (MSIM) has reached the successful final close of its 1GT climate private equity fund, securing $750 million in equity capital commitments.
1GT Fund's Purpose and Goals
This innovative fund targets investments in growth-oriented companies across North America and Europe, with a bold aim to avoid or remove one gigaton of carbon dioxide-equivalent (CO2e) emissions from the atmosphere by 2050. The investor pool includes numerous institutions from Europe, Japan, and North America that recognize the urgent need for impactful climate action.
Insights from Leadership
Vikram Raju, the Head of Climate Private Equity Investing at MSIM, expressed his satisfaction on achieving this milestone, stating that the fund is crucial for companies that play a significant role in reducing the global carbon footprint. He noted, "1GT’s investors saw the unique opportunity to invest in a fund that sets a clear and independently measured climate goal connected to the compensation of our team."
Linking Financial Incentives to Climate Goals
To ensure commitment to its objectives, half of the financial incentives for the 1GT team are directly tied to the successful avoidance or removal of one gigaton of CO2e emissions by the year 2050. This performance-based approach not only fosters dedication but also aligns investment success with tangible climate benefits.
Enhanced Offerings Through Morgan Stanley's Expertise
David N. Miller, Head of Morgan Stanley Private Credit and Equity, stated, "1GT's close showcases our approach to delivering fiduciary returns while ensuring transparent and transformational climate impacts." He emphasized the company’s capabilities in providing portfolio companies with invaluable insights, expertise, and connections stemming from its position as a global leader in financial services. This support ensures that investees are well-equipped to pursue growth, expansion, and optimal exit strategies.
Key Investment Areas and Strategy
The 1GT fund forms part of MSIM’s broader alternative investment business, which totals around $240 billion. It aims to invest in private companies involved in various sectors, including sustainable food, mobility, power, agriculture, and the circular economy. Positioned as an Article 9 fund according to the Sustainable Finance Disclosure Regulation, 1GT underscores its commitment to integrating ecological and social considerations into its investment framework.
Investments Highlight
Some noteworthy investments from the 1GT fund include the high-performance portable battery provider Instagrid, the sustainable nutrition brand Huel, and Everstream Analytics, recognized for its sustainable supply chain services. Each of these companies contributes significantly toward the global strive for sustainability and climate change mitigation.
About Morgan Stanley Investment Management
Morgan Stanley Investment Management, along with its affiliated advisory entities, boasts over 1,300 investment experts globally. As of mid-2024, the firm manages assets totaling approximately $1.5 trillion. Their mission is to deliver superior long-term investment performance while offering a cohesive suite of solutions to a diverse client base comprised of governments, institutions, corporations, and individuals.
About Morgan Stanley
Morgan Stanley (NYSE: MS) is a preeminent global financial services company providing a comprehensive range of investment banking, securities, wealth management, and investment management services. With a presence in 42 countries, Morgan Stanley's dedicated employees serve a wide array of clients, including corporations, governments, institutions, and individuals.
Frequently Asked Questions
What is the 1GT climate private equity fund?
The 1GT fund is focused on growth investments aimed at avoiding or removing one gigaton of CO2e emissions by 2050.
How much capital has been raised for the 1GT fund?
The fund secured a total of $750 million in equity capital commitments.
What sectors does the 1GT fund target?
It targets investments across mobility, power, sustainable food, agriculture, and the circular economy.
What is the strategy of the 1GT fund?
The fund aims to support companies at their growth stages to expand their impact while ensuring returns for investors.
Who leads Morgan Stanley Investment Management?
Morgan Stanley Investment Management is led by Vikram Raju for climate private equity investments, alongside a skilled team dedicated to realizing the fund's goals.
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