The Financial Post reports in its Thursday, May 1, edition that Morgan Stanley is launching its North Haven Private Assets Fund, making private equity investments accessible to a wider range of investors with a few million dollars. A Bloomberg dispatch to the Post reports that the fund will focus on co-investments and secondaries in the lower middle market. While there is no set fundraising target, it could raise a few billion dollars in the near term, according to head of private equity solutions Neha Champaneria Markle. Historically, private equity has catered to institutions and ultrawealthy clients, leaving smaller investors searching for returns outside public markets. Goldman Sachs made a similar move earlier this month when it announced the launch of an open-ended private equity fund open to individuals with at least $5-million (U.S.) in investments across their portfolios. Kristin Olson, Goldman's global head of alternatives for wealth, said in a statement that "as more companies opt to stay private for longer and a greater share of economic growth occurs in private markets, investors will need to look beyond the public markets." Last month, Blackrock pledged to open private markets to everyday investors.