01:41 PM EDT, 03/20/2024 (MT Newswires) -- Morgan Stanley ( MS ) is looking to raise at least $1 billion to establish a new fund focused on energy-transition bets, Bloomberg reported Wednesday, citing people with knowledge of the matter.

The fund would offer private equity-like returns and be overseen by Morgan Stanley Investment Management's infrastructure team, the report said.

Morgan Stanley ( MS ) declined to comment to Bloomberg.

The firm did not immediately respond to a request for comment by MT Newswires.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

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