MSIM Secondaries Insights

I don't really see too many threads covering the group. Just wanted to get an idea of Morgan Stanley's Secondaries team. Figured its a small group but based on their recent fund size I assume they're growing fast. Website said they focus on LMM GP-Led, but was surprised to see another thread saying they were notably active in large cap GP-Led transactions. Besides from that, what does their FT interview process, Comp, WLB look like? Specifically looking at Conshy office. Any help would be appreciated

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They were one of the first funds to create dedicated GP-led fund - they call it "ashbridge". Their cheque sizes are typically 50mm per deal, so they are either a syndicate player or lead in a LMM deal. I have however seen them go as small as 10mm on a deal. Their fund is pretty diversified as they have over 40 deals/companies in it. The fund looks effectively like a diversified co-investment fund. Quite a contrast to how ICG deploys capital (10-12 deals, all large cap where they are the sole counterparty).

 

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