Page 144 - TACC 2023 Program

Morgan Stanley Capital Partners

Overview How We Partner With Our Companies
• Morgan Stanley Capital Partners (“MSCP”), established in • Intensive focus on operational value creation, driven by our
1985 and based in New York, invests in middle-market multi-pronged use of Operating Partners and on-the-ground
companies primarily in North America “Accelerators”
• Currently investing capital from North Haven Capital Partners – Operating Partners advise management on the development
VII, LP (“Fund VII”), with $2 billion of total commitments of the value creation plan and champion successful
execution of the plan
Investment Criteria
– “Accelerators” are dedicated resources at our companies,
• Targeted, sub-sector driven strategy within five “focus” sectors: focused on implementing the plan alongside management
– Business services, consumer, industrials, healthcare, (2)
education The Morgan Stanley Advantage
• Majority, control investments of the following types: • We apply the global resources, brand, and capabilities of
– Partnering with founders and leveraging Morgan Stanley’s Morgan Stanley to deliver outsized resources to middle-market
companies
resources to institutionalize and expand the business
– Represents 13 of our last 23 platform investments and • Direct access to industry and functional experts within the
Morgan Stanley network enables us to provide valuable
MSCP was recognized as a Top Founder-Friendly Private insights and become what we consider to be the “partner of
Equity Firm by Inc. magazine for 4 consecutive years (1) choice” to founders
– Private company recapitalizations and buyouts • We believe brand credibility helps our portfolio companies to i)
– Industry consolidations and platform roll-ups attract and retain CEOs, board members, and senior
– Corporate carve-outs executives with world class talent and ii) win new customers
• Target size (platforms): • Morgan Stanley wealth management advisors provide
– EBITDA: $10 to $60 million / TEV: $150 to $800 million differentiated add-on investment opportunities to MSCP
Investment Professionals

Aaron Sack Eric Kanter Adam Shaw Steve Rodgers David Thompson James Stewart
Managing Director, Managing Director, Managing Director, Managing Director, Managing Director, Managing Director,
Head of MSCP Industrials Business Services Healthcare Education Consumer
Business
Development

Max Waterous Gian Turco Simon Doherty Marc Godlis Kati Mashele Geoff Laporte
Executive Director Vice President Vice President Vice President Vice President Head of Business Development
Portfolio Value Creation

James Howland Jill Wight Patrick Whitehead Sharveen Seebaluck Rohanjit Chaudhry
Managing Director Managing Director Executive Director Executive Director Executive Director
(1) Morgan Stanley has paid to be considered for this award. This award is based on the analysis of and information gathered by Inc. Magazine using its own methodologies and criteria.
Information regarding such methodologies and criteria is generally not known to Morgan Stanley, and Morgan Stanley has not investigated this award. Other third parties may disagree with the
award given to Morgan Stanley, and there is no guarantee that similar rankings or awards will be obtained by Morgan Stanley in the future. Morgan Stanley has paid to be considered for this
award. This award is based on the analysis of and information gathered by Inc. Magazine using its own methodologies and criteria. Information regarding such methodologies and criteria is
generally not known to Morgan Stanley, and Morgan Stanley has not investigated this award. Other third parties may disagree with the award given to Morgan Stanley, and there is no
guarantee that similar rankings or awards will be obtained by Morgan Stanley in the future.
(2) Subject to third party confidentiality agreement obligations and information barriers established by Morgan Stanley to manage potential conflicts of interest and applicable allocation policies.
This announcement does not constitute and should not be considered an offering of advisory services or a solicitation to buy securities.