Morgan Stanley Mulls $500 Million India Fund, Shifts Some Assets

Morgan Stanley’s asset management arm is sounding out investors about shifting a portfolio of India assets from an existing fund into a new vehicle, according to people familiar with the matter.

The firm plans to move eight healthcare-focused investments into a so-called continuation vehicle, the people said, asking not to be identified because the conversations are private. It’s seeking to raise $500 million for the new India fund strategy and has approached investors on the plan, the people added.

The assets include Omega Hospitals and RG Scientific Enterprises Pvt., one of the people said. Morgan Stanley Investment Management ...