Morgan Stanley’s Impact Investment Fund Raises $125 Million

Launched by Morgan Stanley Investment Management in partnership with the Morgan Stanley Institute for Sustainable Investing, PMF Integro Fund I will invest in private-equity funds that offer the potential for compelling financial returns while demonstrating positive environmental or social impact, or both.

To be managed by AIP Private Markets, the private markets solutions team within Morgan Stanley Investment Management, the fund will work to maximize financial returns to investors while boosting access to quality jobs, education, and health care for underserved populations. The fund also will target funds that support positive environmental impact and efforts to reduce the effects of climate change.