DFX Intelligence

RIA Intelligence

Registered investment advisers, the advisors registered through them, the capital they report, the private vehicles they run and the people who own them, as a graph with a filing date behind every number. RAUM is what the adviser filed, a move is two registration dates, and a class is a rule you can read.

SEC-registered adviser

Msress III Manager, L.L.C.

Asset manager (funds and pooled vehicles)New York, New YorkCRD 138602SEC 801-65333websiteIAPD
Latest filing Mar 26, 2026
First filing on the tape Mar 30, 2012 · 21 filings
SEC status approved since Jan 26, 2006
RAUM
$39.6M
reported, Item 5.F
Discretionary
100%
of RAUM
Private clients
0.0%
$0 individuals and HNW
Advisors
0
registered through the firm on IAPD
RAUM per advisor
n/a
derived; firm RAUM over IAPD count
Employees
372
170 advisory (5.B.1)
Offices
16
beyond the principal office
Private funds
1
reported on Schedule D
History
21 filings and snapshots on the tape
RAUM$39.6M as of Mar 26, 2026
Mar 30, 2012$4.6B then
HNW client RAUM: no history
State-registered IARs (5.B.3)0 as of Mar 26, 2026
Mar 30, 20120 then
Employees (5.A)372 as of Mar 26, 2026
Mar 28, 2013245 then
Private funds1 as of Mar 26, 2026
Mar 30, 20124 then
RAUM -2.6% over the last fiscal year-16% a year over threeIARs 0 to 0
Practice profile
derived from the filing of Mar 26, 2026; every figure names its basis
RAUM per advisor
unknownderivedRAUM over IAPD advisors; not a book size
Clients per advisor
unknownderivedindividual and HNW clients (5.D) over advisors
Average HNW client
unknownderivedHNW RAUM over HNW clients
Average account
$39.6MderivedRAUM over accounts (5.F.2.f)
Discretionary
100%derivedof RAUM
Institutional
0.0%derivedpensions, charities, corporations, government, insurance, banks, other advisers
Employees per advisor
unknownderivedItem 5.A over advisors
Advisors per office
unknownderived17 offices incl. principal (1.F.5)
RAUM growth, one year
-2.6%derivedbetween the last two annual amendments
Advisor growth, one year
unknownderivedItem 5.B.3 between annual amendments
Client growth, one year
unknownderived
Compensation
percentage of assets, performance-basedreportedItem 5.E
Advisory activities
portfolio management for pooled vehiclesreportedItem 5.G
Ownership
no PE, bank or public-company owner found on Schedule Aderived
Advisor book size
not public; not estimatedreported
Also answered yes on Form ADV
  • buys or sells securities as principal to or from clients (8.A.2)
  • has discretionary authority over which securities are bought or sold (8.C.1)
  • a related person has custody of client cash (9.B.1.a)
  • a related person has custody of client securities (9.B.1.b)
  • marketing includes hypothetical performance (5.L.3)
Where the RAUM sits
Form ADV Item 5.D, latest filing
  • Pooled investment vehicles$39.6M100%
Individual clients
n/areported
HNW clients
n/areported
Pension plan clients
n/areported
Charitable clients
n/areported
Accounts
1reported
Financial planning clients
reported
Wrap fee programs
noreported
Custody of client assets
noreported
Compensation
% of AUM, performancereported
Class basis
private_client_share=0.0 fund_share=1.0 institutional_share=0.0 related_bd=true related_bank=true bd_reps=21.0derived
Advisors registered through the firm
0 on IAPD today, longest tenure first
No representative is registered through this CRD on IAPD.
Advisor movement
Left, latest
none on the tape
    Joined, latest
    none on the tape
      Private funds
      4 reported on Schedule D 7.B.(1)
      FundTypeGross assetsOwnersFirst reported
      Morgan Stanley Real Estate Special Situations Fund III, L.P.Real Estate Fund$48.1M63Mar 30, 2012
      Msrei Post Co-Investment, L.P.no longer reportedReal Estate Fund$11.8M7Mar 30, 2012
      Monroe Co-Investment, L.P.no longer reportedReal Estate Fund$2.2M4Mar 30, 2012
      Morgan Stanley Real Estate Special Situations Fund III Institutional, L.P. (Feeder)no longer reportedHedge Fund$0150Mar 30, 2012
      Owners and control persons
      Schedule A and B, latest filing
      • Toru Bando · Chief Investment Officer Of Morgan Stanley Real Estate Investingcontrol
        since 03/2022 · owns less than 5%
      • Olivier De Poulpiquet · Chairman Of Morgan Stanley Real Estate Investingcontrol
        since 03/2022 · owns less than 5%
      • Richard John Klopp · Head Of Real Assets And Director, President, And Chairman Of Msress III, Inc.control
        since 09/2010 · owns less than 5%
      • Perry Brian Niles · Co-Chief Executive Officer Of Morgan Stanley Real Estate Investingcontrol
        since 03/2022 · owns less than 5%
      • Andrea Lauren Silverman · Co-Chief Executive Officer Of Morgan Stanley Real Estate Investingcontrol
        since 03/2022 · owns less than 5%
      • Clarke Peter Harned · Chief Financial Officer Of Morgan Stanley Real Assets Investing
        since 03/2014 · owns less than 5%
      • Cordt Benjamin Huneke · President And Managing Director Of Morgan Stanley Investment Management
        since 11/2024 · owns less than 5%
      • Alisa Arlene Morris · Chief Compliance Officer
        since 10/2022 · owns less than 5%
      • Christie Park · Chief Operating Officer Of Morgan Stanley Real Assets Investing
        since 03/2014 · owns less than 5%
      • Mustufa Salehbhai · Chief Legal Officer
        since 12/2016 · owns less than 5%
      • Anthony Bennett Weaver · Director Of Msress III, Inc.
        since 09/2017 · owns less than 5%
      Entity owners
      • Msress III, Inc. · Managing Member
        direct · owns less than 5%
      • Morgan Stanley · Sole Shareholder
        indirect · owns 75% or more of Msress III, Inc. · public reporting company
      Related persons
      Schedule D 7.A
      • Cp Infrastructure III Slp LP
        pooled vehicle sponsorn
      • Cp Infrastructure IV Slp LP
        pooled vehicle sponsorn
      • Mesa West Capital
        investment adviserpooled vehicle sponsornRAUM $8.7B
      • Mesa West Core Lending Fund Gp, LLC
        pooled vehicle sponsorn
      • Mesa West Dsa, LLC
        investment advisern
      • Mesa West Lv Sa Gp, LLC
        pooled vehicle sponsorn
      • Mesa West Real Estate Income Fund IV Gp, LLC
        pooled vehicle sponsorn
      • Mesa West Real Estate Income Fund V Gp, LLC
        pooled vehicle sponsorn
      • Morgan Stanley & Co. LLC
        broker-dealertrust companyn
      • Morgan Stanley Asia (Singapore) Pte
        broker-dealerinvestment advisern
      • Morgan Stanley Asia Limited
        broker-dealerinvestment advisern
      • Morgan Stanley Capital Partners Vi Gp Inc.
        pooled vehicle sponsorn
      • Morgan Stanley Capital Partners Vii Gp Inc.
        pooled vehicle sponsorn
      • Morgan Stanley Capital Partners Viii Gp Inc.
        pooled vehicle sponsorn
      • Morgan Stanley Infrastructure Gp LP
        bankpooled vehicle sponsorn
      • Morgan Stanley Infrastructure Holdings Inc.
        bankpooled vehicle sponsorn
      • Morgan Stanley Infrastructure II Gp LP
        bankpooled vehicle sponsorn
      • Morgan Stanley Infrastructure II Inc.
        pooled vehicle sponsorn
      • Morgan Stanley Infrastructure III Gp L.P.
        bankpooled vehicle sponsorn
      • Morgan Stanley Infrastructure III Inc.
        pooled vehicle sponsorn
      • Morgan Stanley Infrastructure III Investors Gp S.A R.L.
        bankpooled vehicle sponsorn
      • Morgan Stanley Infrastructure Inc.
        investment advisernRAUM $16B
      • Morgan Stanley Infrastructure IV Gp LP
        bankpooled vehicle sponsorn
      • Morgan Stanley Infrastructure IV Inc.
        pooled vehicle sponsorn
      • Morgan Stanley Infrastructure IV Investors Gp S.A R.L.
        bankpooled vehicle sponsorn
      • Morgan Stanley Infrastructure Partners II Investors C Gp
        pooled vehicle sponsorn
      • Morgan Stanley Investment Management Inc.
        investment adviserbankpooled vehicle sponsornRAUM $702B
      • Morgan Stanley Investment Management Limited
        investment adviserpooled vehicle sponsornRAUM $175B
      • Morgan Stanley Next Level Fund Gp, LLC
        pooled vehicle sponsorn
      • Morgan Stanley Private Equity Asia III, Inc.
        investment adviserpooled vehicle sponsornRAUM $1.6B
      Advisers that list Msress III Manager, L.L.C. as a related person
      Offices
      Schedule D 1.F, the 25 largest
      • Tokyo, Japan26 employees
      • London, United Kingdom19 employees
      • San Francisco, CA14 employees
      • Frankfurt, Germany9 employees
      • Los Angeles, CA9 employees
      • Sydney, Australia7 employees
      • Shanghai, China7 employees
      • Milan, Italy6 employees
      • Paris, France4 employees
      • Atlanta, GA4 employees
      • Mumbai, India4 employees
      • Singapore, Singapore3 employees
      • Madrid, Spain3 employees
      • Kowloon, Hong Kong2 employees
      • Chicago, IL1 employees
      • Seoul, Korea, South1 employees
      • Dubai, United Arab Emirates1 employees
      ADV anomalies
      2 against comparable advisers; where to look, not conclusions
      • unusual affiliate densityStatic outlier · filing Mar 26, 2026
        distinct affiliate types checked on Item 7.A of 6.0 against a peer median of 2.0 (128 comparable advisers, 100.0th percentile, 5.4 robust deviations)
        peers: asset managers, under $100M (128) · 100% percentile
      • large related person networkStatic outlier · filing Mar 26, 2026
        related persons on Schedule D 7.A of 103.0 against a peer median of 5.0 (73 comparable advisers, 99.0th percentile, 33.1 robust deviations)
        peers: asset managers, under $100M (73) · 99% percentile
      What changed
      consecutive filings, newest first
      • Advisory employees · 171 to 170
        Mar 26, 2025 to Mar 26, 2026
      • BD registered reps · 20 to 21
        Mar 26, 2025 to Mar 26, 2026
      • Employees · 289 to 372
        Mar 26, 2025 to Mar 26, 2026
      • Discretionary RAUM · $40.7M to $39.6M
        Mar 26, 2025 to Mar 26, 2026
      • Pooled vehicle RAUM · $40.7M to $39.6M
        Mar 26, 2025 to Mar 26, 2026
      • RAUM · $40.7M to $39.6M
        Mar 26, 2025 to Mar 26, 2026
      • Advisory employees · 174 to 171
        Nov 26, 2024 to Mar 26, 2025
      • BD registered reps · 25 to 20
        Nov 26, 2024 to Mar 26, 2025
      • Employees · 360 to 289
        Nov 26, 2024 to Mar 26, 2025
      • Financial planning clients · unset to
        Nov 26, 2024 to Mar 26, 2025
      • Other offices · 17 to 16
        Nov 26, 2024 to Mar 26, 2025
      • Discretionary RAUM · $48.1M to $40.7M
        Nov 26, 2024 to Mar 26, 2025
      • Pooled vehicle RAUM · $48.1M to $40.7M
        Nov 26, 2024 to Mar 26, 2025
      • RAUM · $48.1M to $40.7M
        Nov 26, 2024 to Mar 26, 2025
      • Advisory employees · 171 to 174
        Mar 31, 2023 to Mar 28, 2024
      • BD registered reps · 27 to 25
        Mar 31, 2023 to Mar 28, 2024
      • Employees · 347 to 360
        Mar 31, 2023 to Mar 28, 2024
      • Discretionary RAUM · $67.2M to $48.1M
        Mar 31, 2023 to Mar 28, 2024
      • Pooled vehicle RAUM · $67.2M to $48.1M
        Mar 31, 2023 to Mar 28, 2024
      • RAUM · $67.2M to $48.1M
        Mar 31, 2023 to Mar 28, 2024
      • Advisory employees · 165 to 171
        Oct 7, 2022 to Mar 31, 2023
      • Employees · 265 to 347
        Oct 7, 2022 to Mar 31, 2023
      • Other offices · 18 to 17
        Oct 7, 2022 to Mar 31, 2023
      • Discretionary RAUM · $189M to $67.2M
        Oct 7, 2022 to Mar 31, 2023
      • Pooled vehicle RAUM · $189M to $67.2M
        Oct 7, 2022 to Mar 31, 2023
      • RAUM · $189M to $67.2M
        Oct 7, 2022 to Mar 31, 2023
      • Advisory employees · 153 to 165
        Mar 31, 2021 to Mar 30, 2022
      • BD registered reps · 35 to 27
        Mar 31, 2021 to Mar 30, 2022
      • Employees · 258 to 265
        Mar 31, 2021 to Mar 30, 2022
      • Discretionary RAUM · $223M to $189M
        Mar 31, 2021 to Mar 30, 2022
      • Pooled vehicle RAUM · $223M to $189M
        Mar 31, 2021 to Mar 30, 2022
      • RAUM · $223M to $189M
        Mar 31, 2021 to Mar 30, 2022
      • Advisory employees · 150 to 153
        Apr 1, 2020 to Mar 31, 2021
      • BD registered reps · 36 to 35
        Apr 1, 2020 to Mar 31, 2021
      • Employees · 247 to 258
        Apr 1, 2020 to Mar 31, 2021
      • Discretionary RAUM · $274M to $223M
        Apr 1, 2020 to Mar 31, 2021
      • Pooled vehicle RAUM · $274M to $223M
        Apr 1, 2020 to Mar 31, 2021
      • RAUM · $274M to $223M
        Apr 1, 2020 to Mar 31, 2021
      • Accounts · 2 to 1
        Mar 29, 2019 to Mar 30, 2020
      • Advisory employees · 142 to 150
        Mar 29, 2019 to Mar 30, 2020
      Signals
      7 dated events
      • Aaron Daniel Simkowitz (Head Of Morgan Stanley Investment Management) no longer on Schedule A of Msress Iii Manager, L.L.C. (listed 2023-03-31, absent 2024-03-28)
        Mar 28, 2024 · Control person left · inference
      • Msress Iii Manager, L.L.C. reported RAUM $67.2M, down 65% from $189.4M (2022-10-07 to 2023-03-31)
        Mar 31, 2023 · RAUM change · derived
      • Perry Brian Niles (Co-Chief Executive Officer Of Morgan Stanley Real Estate Investing) appeared on Schedule A of Msress Iii Manager, L.L.C.
        Mar 30, 2022 · Control person joined · fact
      • Hochfelder Lauren Silverman (Co-Chief Executive Officer Of Morgan Stanley Real Estate Investing) appeared on Schedule A of Msress Iii Manager, L.L.C.
        Mar 30, 2022 · Control person joined · fact
      • Toru Bando (Chief Investment Officer Of Morgan Stanley Real Estate Investing) appeared on Schedule A of Msress Iii Manager, L.L.C.
        Mar 30, 2022 · Control person joined · fact
      • Msress Iii Manager, L.L.C. reported RAUM $274.0M, down 68% from $865.7M (2019-03-29 to 2020-03-30)
        Mar 30, 2020 · RAUM change · derived
      • Msress Iii Manager, L.L.C. reported RAUM $1.0B, down 43% from $1.8B (2017-12-15 to 2018-03-28)
        Mar 28, 2018 · RAUM change · derived
      Across DFX
      shared identifiers only, never a name match
      No identifier-backed link to the venture, private equity, family office or sponsor graphs.
      How to reach
      public business contact points only, each with its source
      Principal office phone
      212-761-7160reportedpublic record, Form ADV, Mar 26, 2026
      Provenance
      Form ADV
      SEC filing data 2011 to 2024 and the monthly roster 2025 onreportedadviserinfo.sec.gov
      Advisors
      IAPD individual compilation feed, dailyreportedadviserinfo.sec.gov
      Class
      Asset manager (funds and pooled vehicles)deriveda rule over Items 5.D and 7.A
      RAUM per advisor
      n/aderivedfirm RAUM over the IAPD count; not a book size
      Loaded
      Sep 14, 2026
      Across the graphs

      Msress III Manager, L.L.C. is the same institution as 1 record in Real Estate Funds.

      Real Estate Funds1

      Which record it is in each graph, what it is called there, and what the two were joined on. The Data Factory holds all nine graphs and the identity layer between them.

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