Morgan Stanley Investment Management is raising its fourth fund dedicated to investing in lower ranking, higher-returning debt, according to documents prepared for the Teachers’ Retirement System of Louisiana.
The New York-based investment manager is targeting $2 billion for North Haven Credit Partners IV, primarily to make junior debt investments in companies with “defensible market positions, substantial barriers to entry, low technology or market risk and a diversified product offering, customer and supplier base,” according…
Source: wsj.com
