Morgan Stanley gets $125 million commitments for global impact fund

By Susanna Moon

Chicago, May 17 – Morgan Stanley Investment Management said it has lined up $125 million of commitments for its first global impact fund, PMF Integro Fund I.

Integro aims for private equity funds with “high organic growth that will drive strong financial returns and meaningful positive impact” and looks for “exposure to a portfolio that is diversified by geography, theme and impact outcomes,” according to a company announcement.

Integro also targets funds that affect the environment in a positive way and mitigate the effects of climate change.

“Integro invests in private equity funds that offer the potential for compelling financial return while demonstrating positive environmental impact, social impact or both,” the release noted.

The fund was launched in partnership with the Morgan Stanley Institute for Sustainable Investing and is managed by AIP Private Markets, the private markets solutions team within Morgan Stanley Investment Management.

“Sustainable Investing is an incredibly important part of our firm’s DNA, and the launch of Integro underscores our commitment to promote sustainable finance solutions while serving the needs of our clients,” James Gorman, chairman and chief executive officer of Morgan Stanley, said in the press release.

“From education and healthcare in South Asia, to financial inclusion in South America, the fund epitomizes our belief as a firm that there are opportunities for investors of all types to pursue both positive financial return and sustainable impact.”

Morgan Stanley is a financial services firm based in New York.

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