Morgan Stanley Alternative Investment Partners (AIP) has raised $516m for a new fund- the AIP Hedge Fund- that will focus on hedge fund secondaries and co-investments.

The capital for the Riverview Strategic Opportunities Fund III (SOF III) was raised from private and public pensions, corporations, foundations and family offices, and HNWIs.

AIP hedge funds team CIO and head Mark van der Zwan said: “We are pleased investors continue to see promise in our fund’s differentiated approach as hedge funds look to alleviate the constraints they face in the market and seek opportunities in the liquidity gap between traditional hedge fund and private equity investments.

“Our experienced team is well positioned to deliver consistency in expertise and execution. We are confident that the Fund will benefit from access to AIP’s strong global network of hedge fund relationships, deep proprietary research and rigorous due diligence process.”

SOF III is the third strategic opportunities fund launched by Morgan Stanley. The investment bank launched the first fund in this series in 2014.

“Consistent with SOF I and SOF II, SOF III aims to solve recent liquidity pressure on hedge funds by purchasing hedge fund secondaries and pursuing co-investment partnerships with managers on medium-term investments,” the bank stated.

How well do you really know your competitors?

Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.

Company Profile – free sample

Thank you!

Your download email will arrive shortly

Not ready to buy yet? Download a free sample

We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form

By GlobalData
Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.

The AIP hedge fund solutions unit focuses on direct fund investments, secondary investments as well as co-investments in hedge fund strategies. The business, set up in 2000, managed around $23bn in assets at the end of March 2018.