Morgan Stanley European Direct Lending Fund II Feeder B SCSp RAIF

Absence of prior EDGAR filings from this manager indicates either that Morgan Stanley's direct lending platform operates primarily through non-EDGAR vehicles (side pockets, separately managed accounts, or EU-domiciled structures below reporting thresholds) or that Feeder II represents the first time this specific GP consortium has raised a discretionary fund vehicle on U.S. registry; the three named GPs and 06b exemption imply pre-existing LP relationships and a closed fundraise rather than a new market entry.

Mid-2026 filing timing aligns with post-2025 portfolio stabilization in European direct lending—allowing sponsors time to assess 2024–2025 refinancing outcomes and reset allocation to floating-rate or continuation vehicles after sustained rate volatility; a second vintage signals LP appetite to double down on the strategy, conditional on Feeder I's tracking and deployment pace.

Before engaging, verify (1) whether Feeder A is closed or still accepting commitments, as this determines whether Feeder B represents true follow-on capital or a parallel raise with different fee or liquidity terms, and (2) whether the $0 placeholder will be updated pre-close with a target or whether this filing remains dormant—check for amendments or supplemental disclosures within 90 days.