Morgan Stanley Private Equity Asia is preparing to move eight healthcare-focused investments into a continuation vehicle, sources said. The firm aims to raise $500 million for the new India fund strategy and has already approached investors about the plan. The assets targeted for the continuation fund include Omega Hospitals and RG Scientific Enterprises Pvt., according to one source. Morgan Stanley originally invested in Omega Hospitals with a minority stake in 2024 and acquired a controlling stake in RG Scientific the same year. A spokesperson for Morgan Stanley declined to comment on the matter. Morgan Stanley Investment Management, managing $1.9 trillion in assets, made the investments through its alternative arm, Morgan Stanley Private Equity Asia. This continuation fundraising effort comes as many investment firms seek new exit strategies beyond initial public offerings and mergers. The global secondary market has grown rapidly, rising 48% to $240 billion in 2025 compared to the previous year, according to a report by Jefferies Financial Group Inc.