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Case File
d-28802House Oversight

Morgan Stanley Research on Fee-Related Earnings Multiples for Alternative Asset Managers

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The document is an internal research note discussing valuation multiples for fee-related earnings of alternative asset managers. It contains no allegations, financial flows, or connections to high‑pro Morgan Stanley suggests fee‑related earnings (FRE) could trade at a 23.4x multiple, higher than the Alternative asset managers (Alts) are projected to grow faster than traditional managers, with org

Date
November 11, 2025
Source
House Oversight
Reference
House Oversight #025561
Pages
1
Persons
3
Integrity
No Hash Available
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