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Morgan Stanley CP completes sale of World 50 to new continuation fund

Investment funds managed by Morgan Stanley Capital Partners (MSCP) have completed the sale of World 50 Parent LLC and its related subsidiary companies (World 50), to a single asset GP-led continuation fund investment vehicle managed by an MSCP affiliate.

The continuation fund is led by investments from Pantheon with co-lead participation from Blue Owl Strategic Equity and Lexington, with Norwest, Ares Management Funds, AltamarCAM and Churchill also committing to the vehicle.

Headquartered in Atlanta, Georgia, World 50 is an invitation-only, peer-to-peer network and knowledge exchange platform, serving global CEOs, board directors, and senior executives across a variety of functions – from 37 countries across six continents.

Since investing in World 50 in 2020, MSCP has partnered with Company management to further build out the offering and continuously improve the member experience through complimentary services and products.

Baird acted as lead transaction advisor to MSCP on the continuation fund while Harris Williams provided industry related advice to MSCP, and Debevoise & Plimpton served as legal advisor to MSCP.

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