Calpers’ Alum Musicco Launches New Fund With Morgan Stanley’s Ma

Nicole Musicco is resurfacing on Wall Street with a new credit venture after a surprising exit from California Public Employees’ Retirement System more than a year ago. Peter Ma of Morgan Stanley is set to join her.

The pair are looking to form a more than $1 billion platform, Square Nine Capital, that will focus on opportunistic lending to mid-sized companies, according to people with knowledge of the matter. Musicco and Ma will be joined by other executives from Morgan Stanley, said the people who asked not to be identified as the details are private, adding that it’ll launch in ...