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Year Founded: 2006

AUM: $16.00B | Dry Powder: $2.63B
1585 Broadway, New York, NY 10036, United States
Morgan Stanley Infrastructure Partners is a global investment manager delivering innovative investment solutions across public and private markets worldwide. It seeks to invest in diverse infrastructure assets such as transport, energy, utility, natural gas pipeline, etc. in predominantly OECD countries

Key Contacts

  • Markus Hottenrott
    Managing Director & Chief Investment Officer
  • Chris Koski
    Managing Director & Global Head of Investment Strategy
  • Christoph Oppenauer
    Managing Director

Investment Preferences

  • Preferred Industries
    Energy Services, Commercial Services, Commercial Transportation, Communications and Networking, Consumer Non-Durables, Media, Retail, Services (Non-Financial), Software, Transportation, Utilities
  • Geographical Preference
    Asia, Australia, Canada, Europe, Middle East, US
  • Preferred Deal Types
    Buyout/LBO, PE Growth/Expansion
  • Other Investment Preferences
    • Seeks ESG investments
    • Will syndicate

Investments By Year

Source: Pitchbook

Funds Closed

North Haven Infrastructure Partners III
Vintage: 2019

Size:  $5.5B

Dry Powder: $3.1B

Details: Fund’s infrastructure asset preferences are renewable energy & transportation

North Haven Energy Capital Fund
Vintage: 2017

Size:  $1.2B

Dry Powder: $154.8M

Details: Fund’s infrastructure asset preference is renewable energy

North Haven Capital Partners VI
Vintage: 2015

Size:  $1.4B

Dry Powder: $130.2M

Details: The fund focuses on B2B services, consumer and industrial companies

Investments By Industry

Investments By Region

Source: Pitchbook

Key Investments

In September 2022, Intersect Power secured $3.1 billion in project financing to complete its 2.2GW near-term clean energy portfolio in the US. The financial package includes about $1.6 billion of construction financing, $775 million of tax equity, operational letters of credit, and a $675 million portion of previously announced portfolio-level term debt. The tax equity commitments were secured from Morgan Stanley Renewables Inc, US Bank and an unnamed Fortune 100 technology company

In November 2021, Morgan Stanley Infrastructure Partners acquired a portfolio of two natural gas gathering assets located in the Delaware and Permian Basin from Diamondback Energy for approximately $147 million LBO

In April 2021, Morgan Stanley has committed an additional $750 billion in support of low-carbon solutions by 2030 so that it achieve its goal of reaching net-zero financed emissions by 2050. Morgan Stanley aims to achieve this through increased clean-tech and renewable energy finance and green bond financing

In January 2021, Morgan Stanley Energy Partners invested in Georgia-based microgrid solutions developer SolMicroGrid. The financial details of the deal were not disclosed. SolMicroGrid develops and operates solar-enabled microgrid systems for commercial and industrial customers. The investment provided the company with funds to step up development of its assets, capabilities and product offerings

In March 2020, Morgan Stanley Infrastructure Partners acquired Seven Seas Water, an owner and operator of water desalination and wastewater treatment plants in Latin America & Caribbean region

In January 2020, Photon Management, an affiliate of funds managed by Morgan Stanley Infrastructure Partners (MSIP) became the largest shareholder in German renewables developer PNE following acceptance of its cash takeover offer of 40% of the business

In November 2018, Morgan Stanley Infrastructure Partners secured 61.2% shares of VTG AG. The fund division of Morgan Stanley had previously held 29% of the shares. VTG AG offers rail car hire, rail logistics, and tank container logistics services

In November 2018, Morgan Stanley Infrastructure Partners made its first investment in Australia, as part of a consortium acquiring 55.4% equity interest in a A$1.6 billion (€1 billion) online property exchange network, Property Exchange of Australia (“PEXA”). Morgan Stanley Infrastructure made the investment through its $5.8 billion North Haven Infrastructure Partners II (NHIP II) fund

In October 2018, Morgan Stanley Capital Partners acquired energy services and equipment company Bayonne Energy Center LLC (BEC) from Macquarie Infrastructure Corp. for $900 million, where the company received cash proceeds of $649 million and $243.3 million in assumed debt. BEC is a 644MW, gas-fired, mid-merit electricity generation facility located in Bayonne, NJ

Other Details

Founded in 2006, Morgan Stanley Infrastructure Partners is a global leader in private infrastructure equity investing, targeting assets that provide essential public goods and services primarily located in OECD countries, with the potential for value creation through active asset management. Its primary focus sectors include Power Generation and Utilities, Natural Gas, Transportation, and Digital Infrastructure

The firm’s latest open fund is North Haven Infrastructure Partners IV. The fund is open since 30 Aug 2022. It is an infrastructure opportunistic fund and located in New York, New York. Insurer Taiwan Life, a part of CTBC Financial Holdings has committed $30 million to the fund

3i Group, Allianz Capital Partners, Beryl Datura Investment, Continuum Wind Energy, BlackRock, Everstone Capital, FountainVest Partners, General Atlantic, Metalmark Capital, Olympus Capital Asia, STAR Capital (London), LetterOne, Veolia North America are some of the institutional investors who invest along with Morgan Stanley

Source: Company Website, Onvista, TeleGeography, Infrastructure Investor, S&P Global, Hartenergy, SparkSpread