Overview
Morgan Stanley Private Equity Asia, Inc. (the “Adviser”) was formed in 2005 and registered with the
SEC under the Investment Advisers Act of 1940, as amended (the “Advisers Act”) in 2005.
The Adviser is a wholly-owned indirect subsidiary of Morgan Stanley.
As of December 31, 2023, the Adviser had approximately $3,033,616,635 of regulatory assets under
management, all of which are managed on a discretionary basis.
The Adviser’s primary business is the management of the Fund (defined below), whose investment strategy
is described below.
The Adviser provides investment advisory services to North Haven Thai Private Equity L.P. (together with
other related parallel, co-investment and feeder vehicles, the “Thai Fund” or the “Fund”). The Thai Fund
intends to generate returns by making investments (“Portfolio Investments”) consisting primarily of equity
and equity-related securities of entities with significant operations in Thailand, Cambodia, Laos, Myanmar,
or Vietnam that are acquired in private negotiated transactions (“Private Equity Securities”). Portfolio
Investments may also consist of other investments in Private Equity Securities, publicly traded equity and
equity-related securities, as well as public or private debt securities, and investments, assets and
instruments related to the foregoing.
The Adviser and the Thai Fund will receive sub-advisory services from an affiliate, Morgan
Stanley
(Thailand) Limited (the “Sub-Advisor”). The Sub-Advisor may provide assistance with respect to the
following: strategic planning for the Thai Fund, recommending investment opportunities, recommending
strategic exit opportunities with respect to the Thai Fund’s investments, monitoring performance of the
Thai Fund and providing such other assistance as the Thai Fund may require in connection with its day-to-
day operations, legal entity management and investment activities.
The Adviser has delegated a substantial portion of its advisory duties, including but not limited to assistance
with respect to strategic planning for the Fund, recommending investment opportunities, recommending
strategic exit opportunities with respect to the Fund’s investments, monitoring performance of the Fund
and providing such other assistance as the Fund may require in connection with its day-to-day operations,
legal entity management and investment activities to the Sub-Advisor, pursuant to an agreement by and
among the Adviser, Sub-Advisor, the Fund and the General Partner.
The activities of the Adviser described in this Brochure may be performed by (i) the Adviser; (ii) by one
of its affiliates that acts as a general partner or managing member of the Thai Fund; or (iii) certain non-
U.S.-affiliated advisers that may provide advice or research for the Adviser for use with the Thai Fund (in
such capacity, “Participating Affiliates”).