Morgan Stanley grows private credit arm, adding senior debt

The Wall Street institution already has a mezzanine group that invests in companies with at least $15m of EBITDA.  

Morgan Stanley is raising its debut fund targeting credit investments at the top of the capital stack, according to documents filed with the US Securities and Exchange Commission.

The New York-based investment bank is raising North Haven Senior Loan Fund, which comes after the firm has closed several other private funds this year.

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