(Read more on the debt and equitymarkets.)

NEW YORK CITY-Morgan Stanley has collected $8 billion of equitycommitments for its MSREF VI International Fund, making it theworld's largest real estate fund. The equity has come from acrossNorth America, Europe, the Middle East and Asia. Morgan Stanley hasinvested just over 20% of the total equity raised.

MSREF VI International has buying power over $30 billion, anduses an enhanced return strategy. Current investments has beenoutside the US, split between developed markets like Japan, WesternEurope and Australia, and emerging markets, like China, India,Russia, Turkey and Latin America.

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