Morgan Stanley Next Level Fund Raises $50M to Invest in Early-Stage Technology Companies

Morgan Stanley Investment Management (MSIM) closed Morgan Stanley Next Level Fund, L.P., at $50m.

Investors in the strategy include the inaugural corporate partners Hearst, Microsoft and Walmart as well as Altria, Ten Figures Ventures and Phalanx Impact Partners.

Next Level, part of MSIM’s $200 billion alternative business, builds upon the expertise of the Morgan Stanley Inclusive Ventures Lab and HearstLab to invest in primarily early-stage technology and technology-enabled companies with underrepresented members as part of the founding team.

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