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MSIM Exceeds $500m TALF Fundraising Target

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Morgan Stanley Investment Management (MSIM) announced Friday that it raised over $600 million in capital to serve as collateral under the Term Asset-Backed Securities Loan Facility (TALF) offered by the Federal Reserve Bank of New York. This was over $100 million in excess of the MSIM’s initial $500 million target.

“We are very pleased to give clients the ability to take advantage of this limited opportunity to invest in TALF eligible securities along with the non-recourse financing being offered through the program,” Randy Takian, head of the retail and intermediary business for MSIM said,

The capital raised by MSIM came from qualified high net worth and institutional investors for a strategy investing primarily in securities eligible to serve as collateral, as dictated by TALF guidelines.

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