Welcome to our dedicated page for Morgan Stanley news (Ticker: MS), a resource for investors and traders seeking the latest updates and insights on Morgan Stanley stock.
Morgan Stanley reports developments across its global financial services franchise, including wealth management, investment management, institutional securities, private credit and capital markets activity. Recurring updates include Morgan Stanley Investment Management product launches, education resources for advisors, private credit financings, Eaton Vance fund actions, sustainable investing research and family office governance themes.
News also covers capital-structure and shareholder matters, operating and financial results, regulatory disclosures and governance updates tied to Morgan Stanley’s common stock, preferred securities, funds and finance subsidiaries.
Morgan Stanley Investment Management (MSIM) has closed its 1GT climate private equity fund at $750 million in equity capital commitments. The fund targets growth-oriented investments in companies aiming to mitigate climate change in North America and Europe. 1GT's goal is to avoid or remove one gigaton of CO2e emissions by 2050.
Key points:
- Investor group led by institutions from Europe, Japan, and North America
- Half of the 1GT team's financial incentives tied to achieving the emissions reduction goal
- Fund targets investments in mobility, power, sustainable food, agriculture, and circular economy
- 1GT is an Article 9 fund under the Sustainable Finance Disclosure Regulation
- Current investments include Instagrid, Huel, and Everstream Analytics
KBRA has assigned a BBB rating with a Stable Outlook to North Haven Private Income Fund 's $300 million, 5.75% senior unsecured notes due in 2030. The rating is supported by North Haven's strong ties to Morgan Stanley Asset Management's $1.5 trillion AUM and access to capital through Morgan Stanley Wealth Management. Key factors include:
1. North Haven's $4.4 billion investment portfolio (pro-forma $5.5 billion post-merger)
2. Low leverage of 0.42x (pro-forma ~0.80x)
3. Diversified funding mix with 69% unsecured debt
4. Solid liquidity with $1.52 billion available credit and $165.9 million cash
5. operating history offset by management's long tenure in private credit
The company operates as a BDC and RIC, with MS Capital Partners Adviser Inc. as its investment adviser.
Datamaran, a leader in the ESG software market, has secured $33 million in Series-C financing from Morgan Stanley Expansion Capital. This investment validates Datamaran's global leadership and will be used to accelerate growth in the U.S. and Europe, as well as advance initiatives in generative AI. The company has more than doubled its subscription revenue in the past 18 months, driven by increasing demand for its ESG governance and risk solutions.
Datamaran's platform allows nearly 200 clients, including major corporations and organizations, to monitor over 400 external risk factors and comply with more than 4,000 ESG regulations and standards globally. The company's database of 9,000 companies enables customers to benchmark themselves, set targets, and drive efficiency and profitability. This financing round positions Datamaran to further penetrate the U.S. market and potentially add more Fortune 500 companies to its client roster.
Morgan Stanley (NYSE: MS) has announced the 2024 global cohort of its Inclusive Ventures Lab, featuring 25 disruptive technology startups from the Americas and EMEA. The five-month accelerator program aims to support seed to Series A stage startups with a $250,000 investment (£250,000 in EMEA), mentorship, and business resources.
The selected startups span various industries, including Climate Tech, Retail, Healthcare, FinTech, SaaS, Enterprise Software, Consumer, and Travel, with many incorporating AI and sustainability into their products. This marks the Lab's 10th cohort, bringing the total number of participating companies to 117 since its launch in 2017.
The program will conclude with a global Demo Day in February 2025, where startups will present to potential investors, partners, and customers.
Morgan Stanley (NYSE: MS) has declared regular dividends on its various preferred stock issues. The dividends range from $25.00 to $2,214.54 per share, with equivalent Depositary Share amounts varying from $0.265625 to $22.145431. Payment dates are set for September 16, 2024 for Series M and N, and October 15, 2024 for Series A, C, E, F, I, K, L, O, P, and Q. The record dates are August 30, 2024, and September 30, 2024, respectively. This declaration demonstrates Morgan Stanley's commitment to providing consistent returns to its preferred stockholders across multiple series of preferred stock.
Morgan Stanley's Co-President Dan Simkowitz is set to speak at the Barclays Global Financial Services Conference on September 10, 2024, at 11:15 a.m. (ET). The event will be accessible via webcast, with both live and on-demand versions available on the company's website.
Morgan Stanley (NYSE: MS) is a prominent global financial services firm offering a wide array of services, including investment banking, securities, wealth management, and investment management. With a presence in 42 countries, the firm caters to a diverse clientele, ranging from corporations and governments to institutions and individuals.
For those interested in more information about Morgan Stanley or the upcoming conference, the company's website and Investor Relations section serve as valuable resources.
Calvert Research and Management announced a $25,000 contribution from Morgan Stanley Investment Management Inc. (MSIM) to America Needs You (ANY), an organization supporting first-generation college students. This donation is part of MSIM's annual commitment to diversity, equity, and inclusion initiatives, linked to the Calvert US Large-Cap Diversity, Equity and Inclusion Index ETF (NYSE Arca: CDEI).
CDEI aims to track the Calvert US Large-Cap Diversity Research Index, focusing on companies aligned with the Calvert Principles for Responsible Investing. The ETF is one of six Calvert-branded ETFs on MSIM's platform launched in 2023. ANY has a proven track record of success, with over 90% of Fellows completing internships and graduating, and nearly 80% securing competitive full-time jobs within six months of graduation.
Morgan Stanley at Work has launched a new pre-login digital website experience for benefits participants, focusing on benefits education. The site aims to improve accessibility and understanding of employer-provided resources. Key features include:
1. Onboarding resources for new participants
2. Pre- and post-login support
3. A comprehensive Learning Center
4. A unified entry point to Morgan Stanley at Work's ecosystem of solutions
This launch follows Morgan Stanley's back-office integration of Solium and E*TRADE Corporate Services. Morgan Stanley at Work now serves over 24,000 corporate clients and ~12M workplace participants, representing $450 billion in unvested stock plan assets under management.
Morgan Stanley Capital Partners (MSCP) has acquired American Restoration, a leading provider of residential and commercial property mitigation and restoration services. The company, headquartered in Dallas, operates across 10 states through eight regional brands. MSCP is partnering with the current management team, led by CEO Dan Tarantin, who will continue to lead the business.
American Restoration offers emergency and loss-related mitigation services, as well as complementary repair and rebuild services. The acquisition represents MSCP's fifth investment in the residential and commercial services sector, following partnerships with other companies in the industry. MSCP aims to leverage its expertise to accelerate American Restoration's growth trajectory through organic expansion and strategic acquisitions.
Morgan Stanley Expansion Capital has acquired a stake in UK-based payments fintech Sokin, marking a significant milestone for the company. This strategic investment is expected to accelerate Sokin's product growth plans and global expansion. Additional investors include Gary Marino, former CCO at PayPal who will join the Board, Mark Britto, former CPO at PayPal, and Aurum Partners, the investment fund affiliated with the San Francisco 49ers owners.
Sokin, founded in 2019, enables global businesses to transfer, hold, and exchange over 100 currencies through a comprehensive platform. The company currently facilitates more than $2.5 billion in transactional volume annually, with rapid growth anticipated. This investment is expected to provide Sokin with significant capital and resources to further its innovative approach to international payments.