Monday, May 12, 2008

Morgan Stanley's $4 Billion Infrastructure Fund (MS)

From the Financial Times:

Morgan Stanley on Monday announced that it had raised a $4bn private equity fund dedicated to infrastructure projects – the latest move by a fund manager into sectors and countries that have not been affected by the financial crisis.

The fund, which already owns stakes in Venice airport in Italy and the Port of Montreal in Canada, is one of the biggest raised and vastly exceeded its original target of $2.5bn....MORE