08:52 AM EDT, 10/22/2024 (MT Newswires) -- Morgan Stanley's (MS) Morgan Stanley Investment Management said Tuesday it has closed North Haven Tactical Value II Fund and affiliated funds at committed capital of about $2 billion.

The amount raised is almost 50% higher than the predecessor fund NHTV I, the company said.

The company said the second fund aims to provide credit, hybrid, and non-control equity investments in "high-quality" companies in various sectors and geographies.

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