With over $5 billion in gross assets under management, Mesa West will add a premiere commercial real estate credit platform to MSIM’s existing investment strategies and product offerings across real assets and private credit. Mesa West will retain its brand and operate as a separate business unit within MSIM’s Real Assets group, which currently manages $47 billion of client assets and is overseen by John Klopp, Global Head of Real Assets. The Company’s headquarters will remain in Los Angeles, and Mesa West senior management, led by Co-Founders Jeff Friedman and Mark Zytko, will continue to manage the Company on a day-to-day basis.
“Morgan Stanley Investment Management is dedicated to providing clients with differentiated investment solutions, and Mesa West is a perfect addition to our suite of strategies across real assets and private credit. We are excited to have the Mesa West team join MSIM, and we are confident that the combination will be seamless given their shared focus on clients, strong investment performance and collaborative culture,” said Dan Simkowitz, Head of Morgan Stanley Investment Management.
“MSIM is the ideal long-term strategic partner for Mesa West. Its strong commitment to real estate and deep global relationships and resources will help us continue to provide the best solutions and investment performance for our investors and long-term opportunities for our team,” said Jeff Friedman and Mark Zytko, Co-Founders of Mesa West. “We have known John Klopp for nearly 20 years, have worked closely with the MSIM Real Assets team, and are excited to be joining forces with them to carry on our focused strategies in the growing private real estate debt market.”
The transaction is subject to customary closing conditions, including obtaining applicable regulatory approvals and requisite investor consents, and is expected to close in the fourth quarter of 2017.