Morgan Stanley Wealth Management has expanded access to private markets by registering its Private Markets and Alternatives Fund as PMAX - Balanced, removing the accredited investor requirement, lowering minimums, and introducing daily subscriptions. The firm also launched PMAX - Growth, a growth-focused fund, and plans additional strategies. PMAX - Balanced currently has over $1 billion in assets under management and offers diversified exposure across private equity, private credit, real estate, and infrastructure. Both funds require a $10,000 initial investment and $5,000 for subsequent contributions, with daily purchases but limited quarterly redemptions. The expansion comes as global alternatives assets under management are expected to exceed $30 trillion by 2030, and Morgan Stanley Wealth Management now oversees over $300 billion in client alternative assets.
Morgan StanleyMorgan Stanley Wealth Management expands private markets access with new PMAX funds, growing AUM and client assets.