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Morgan Stanley Sees Private Equity Able to Deploy $2 Trillion

  • Morgan Stanley affirms buy on alternative money managers
  • Firms express interest in the hardest-hit industries
Up view in financial district
Photographer: aiisha5/iStockphoto
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Alternative money managers have amassed some $2.1 trillion of cash, with about $700 billion of that concentrated in buyout strategies, Morgan Stanley said in a report published Wednesday.

Shares of the money managers are trading at attractive levels, according to Morgan Stanley. The firm reiterated its buy-equivalent rating on Blackstone Group Inc., Hamilton Lane Inc., Partners Group Holding AG and said it’s becoming more positive on hold-rated Apollo Global Management Inc.