Morgan Stanley Adds Mesa West to CRE Platform

Co-founded by Jeff Friedman (pictured), Mesa West provides non-recourse first mortgage and mezzanine financing across property types.

NEW YORK CITY—Morgan Stanley Investment Management said Friday it would acquire Mesa West Capital LLC; deal terms were not disclosed. Los Angeles-based Mesa West will add its commercial real estate credit platform, with $5 billion in gross assets under management, to MSIM’s existing investment strategies and product offerings across real assets and private credit.

Post-acquisition, Mesa West will retain its name and brand, operating as a separate business unit within MSIM’s real assets group, which currently has $47 billion in client AUM. Mesa West’s current senior management team, led by co-founders Jeff Friedman and Mark Zytko, will continue running the business on a day-to-day basis.