The Evolution of Sustainable Investing in Private Markets (2024)

DISCLAIMERS

The views and opinions are solely those of the author as of the date of publication, are subject to change at any time due to market or economic conditions, will not be updated or supplemented after the date hereof and may not necessarily come to pass. The views and opinions expressed herein do not reflect those of all investment personnel at Morgan Stanley Investment Management (MSIM) or the views of the firm as a whole, and may not be reflected in all the strategies and products that the firm offers.

Certain statements herein are based upon the views and opinions of or data obtained from one or more third parties. While MSIM believes these statements to be an accurate summary of such views, opinions and/or data, MSIM has not independently verified their accuracy or completeness, or of any factual statements or other information forming the basis of or contained in any such views, opinions and/or data, and accordingly MSIM makes no representation or warranty, express or implied, with respect thereto. MSIM and its affiliates disclaim any and all liability arising from or in connection with any use of or reliance upon any such views, opinions, data, statements or other information.

All content herein is protected under copyright and other applicable laws, and may not be distributed or republished without the prior written authorization of MSIM.

This general communication, which is not impartial, is for informational and educational purposes only and not a recommendation, solicitation, offer or solicitation of an offer to buy or sell any securities or otherwise engage in any investment strategies. The information herein does not address financial objectives, situation or specific needs of individual investors.

Any charts and graphs provided are for illustrative purposes only. Any performance quoted represents past performance. Past performance does not guarantee future results. All investments involve risks, including the possible loss of principal.

Global Pandemics. Portfolios are subject to market risk, which is the possibility that the market values of securities owned by the portfolio will decline and that the value of portfolio shares may therefore be less than what you paid for them. Market values can change daily due to economic and other events (such as natural disasters, epidemics and pandemics, terrorism, conflicts and social unrest) that affect markets generally, as well as those that affect particular regions, countries, industries, companies or governments. It is difficult to predict when events may occur, the effects they may have (e.g. adversely affect the liquidity of the portfolio), and the duration of those effects.

DISTRIBUTION

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EMEA

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MIDDLE EAST

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U.S.

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ASIA PACIFIC

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IMPORTANT INFORMATION

EMEA: This marketing communication has been issued by Morgan Stanley Investment Management Ireland Limited (“MSIM Ireland”). Authorised and regulated by the Financial Conduct Authority. Registered in England No. 1981121. Registered Office: 25 Cabot Square, Canary Wharf, London E14 4QA.

There is no guarantee that any investment strategy will work under all market conditions, and each investor should evaluate their ability to invest for the long-term, especially during periods of downturn in the market. Prior to investing, investors should carefully review the strategy’s/product’s relevant offering document. There are important differences in how the strategy is carried out in each of the investment vehicles.

A separately managed account may not be suitable for all investors.

Separate accounts managed according to the Strategy include a number of securities and will not necessarily track the performance of any index. Please consider the investment objectives, risks and fees of the Strategy carefully before investing.

The views and opinions are those of the author or the investment team as of the date of preparation of this material and are subject to change at any time due to market or economic conditions and may not necessarily come to pass. Furthermore, the views will not be updated or otherwise revised to reflect information that subsequently becomes available or circumstances existing, or changes occurring, after the date of publication. The views expressed do not reflect the opinions of all investment teams at Morgan Stanley Investment Management (MSIM) or the views of the firm as a whole, and may not be reflected in all the strategies and products that the Firm offers.

Forecasts and/or estimates provided herein are subject to change and may not actually come to pass. Information regarding expected market returns and market outlooks is based on the research, analysis and opinions of the authors. These conclusions are speculative in nature, may not come to pass and are not intended to predict the future performance of any specific Morgan Stanley Investment Management product.

Certain information herein is based on data obtained from third party sources believed to be reliable. However, we have not verified this information, and we make no representations whatsoever as to its accuracy or completeness.

This communication is not a product of Morgan Stanley’s Research Department and should not be regarded as a research recommendation. The information contained herein has not been prepared in accordance with legal requirements designed to promote the independence of investment research and is not subject to any prohibition on dealing ahead of the dissemination of investment research.

This material is a general communication, which is not impartial and has been prepared solely for informational and educational purposes and does not constitute an offer or a recommendation to buy or sell any particular security or to adopt any specific investment strategy. All investments involve risks, including the possible loss of principal. The information herein has not been based on a consideration of any individual investor circumstances and is not investment advice, nor should it be construed in any way as tax, accounting, legal or regulatory advice. To that end, investors should seek independent legal and financial advice, including advice as to tax consequences, before making any investment decision.

Any index referred to herein is the intellectual property (including registered trademarks) of the applicable licensor. Any product based on an index is in no way sponsored, endorsed, sold or promoted by the applicable licensor and it shall not have any liability with respect thereto.

MSIM Ireland has not authorised financial intermediaries to use and to distribute this document, unless such use and distribution is made in accordance with applicable law and regulation. Additionally, financial intermediaries are required to satisfy themselves that the information in this document is suitable for any person to whom they provide this document in view of that person’s circumstances and purpose. MSIM Ireland shall not be liable for, and accepts no liability for, the use or misuse of this document by any such financial intermediary.

This document may be translated into other languages. Where such a translation is made this English version remains definitive. If there are any discrepancies between the English version and any version of this document in another language, the English version shall prevail.

The whole or any part of this work may not be reproduced, copied or transmitted or any of its contents disclosed to third parties without MSIM Ireland’s express written consent.

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All information contained herein is proprietary and is protected under copyright law.

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The article includes disclaimers that highlight the views and opinions expressed are solely those of the author, subject to change due to market conditions. The information is not updated after publication, and it may not reflect the views of all investment personnel at Morgan Stanley Investment Management (MSIM).

The article emphasizes that certain statements are based on third-party views or data, and while MSIM believes them to be accurate, independent verification is not guaranteed. MSIM and its affiliates disclaim liability arising from the use or reliance upon such information.

Copyright protection is asserted over all content, and distribution or republication without prior authorization from MSIM is prohibited. The communication serves informational and educational purposes only and is not a recommendation to buy or sell securities.

The mention of global pandemics highlights the market risk associated with events such as natural disasters, epidemics, pandemics, terrorism, conflicts, and social unrest. Market values are subject to daily changes based on economic events affecting regions, countries, industries, companies, or governments.

The distribution of the material is restricted to persons resident in jurisdictions where it complies with local laws. Various MSIM affiliates are listed, each regulated appropriately in its operating jurisdiction.

The article provides specific information about the distribution of materials in different regions, including Europe, the Middle East, the U.S., and Asia-Pacific. It mentions regulatory bodies, authorized entities, and important legal disclaimers applicable in each jurisdiction.

In conclusion, the article covers crucial aspects of investment disclaimers, market risks, and distribution regulations. It underscores the need for careful consideration and evaluation by investors before making any financial decisions.

The Evolution of Sustainable Investing in Private Markets (2024)
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