Morgan Stanley Leveraged Equity Fund I was raised in 1985 followed two years later by Morgan Stanley Leveraged Equity Fund II, which was raised in 1987 with $2.2 billion of investor commitments.

In 1991, the group raised $1.87 billion of investor commitments for Morgan Stanley Capital Partners III.

[4] The most recent fund, Morgan Stanley Capital Partners IV was raised in 1999 with total commitments of $3.3 billion.

[5] The spinout of MSCP came at the same time as the spinouts of private equity groups from other leading investment banks including: JPMorgan Chase (CCMP Capital), Citigroup (Court Square Capital Partners), Deutsche Bank (MidOcean Partners) and Credit Suisse First Boston (Avista Capital Partners, Diamond Castle Holdings).

Citigroup disposed of its remaining interest in Court Square following the purchase of Metalmark.