Morgan Stanley (NYSE:MS) is prepping the launch of a structured interval fund focused on credit amid increased pressure for liquidity in the private credit sector.
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The North Haven Strategic Credit Fund will be structured as an interval fund and will invest in a “wide spectrum” of credit strategies, including:
• private corporate loans
• private hybrid financing solutions
• private asset-based loans
• private asset-backed lending facilities
• broadly-syndicated loans
• high-yield bonds
• securitized assets
• emerging market debt
The fund will also consider private credit investments through secondary market transactions.
In addition, the fund will also seek investments in public credit, including public high-yield bonds, broadly syndicated loans, securitized bonds and emerging markets debt.
This strategy focuses on investing in liquid credit assets that provide “compelling returns” while also supporting liquidity management. It aims to identify relative value opportunities across a broad range of markets, including below-investment-grade …
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