Morgan Stanley Real Estate on Thursday announced the completion of fund raising for MSREF VI International with total commitments of $8 billion from institutional and retail investors in North America, Europe, the Middle East and Asia.
Of this, Morgan Stanley has invested just 20 per cent of the total equity raised. In India, Morgan Stanley Real Estate’s investment include Rs 675 crore in Mumbai-based realty major Oberoi Constructions and Rs 300 crore each in Bangalore-based Mantri Developers and Delhi’s Alpha G Corp Development.
The fund employs an enhanced return strategy and has buying power in excess of $30 billion. Investments include non-US real estate assets, portfolios and companies primarily in developed markets, including Japan, Western Europe and Australia, and emerging markets including China, India , Russia, Turkey and Latin America, a release by Morgan Stanley said.