Morgan Stanley Investment Management (MSIM) announced today that it has held the final close of Ashbridge Transformational Secondaries Fund II (Ashbridge II) at $2.5 billion of total capital commitments. The amount represents nearly four times of that raised in the predecessor fund, Ashbridge Transformational Secondaries Fund I (Ashbridge I), which closed in 2018 at $675 million. Ashbridge II is one of the largest funds raised to date that is focused exclusively on single asset GP-led continuation vehicles. Investors include a sophisticated group of public and private pension funds, sovereign wealth funds, non-profits, fund of funds, family offices and high net worth individuals from around the world.
Chevron Removes Staff From US Gulf Of Mexico Oil Platforms Amid Hurricane Idalia Concerns: Report
Chevron Corporation (NYSE: CVX) has reportedly evacuated staff from three U.S. Gulf of Mexico oil production platforms to protect from Hurricane Idalia.
