Morgan Stanley launches Next Level Fund

Morgan Stanley Investment Management and the Multicultural Strategy Group launched the Morgan Stanley Next Level Fund to invest in tech startups with diverse founders.

The fund is managed in partnership with HearstLab and is part of Morgan Stanley’s private credit and equity platform. The investments will be primarily in early-stage technology and technology-enabled companies with women or diverse members as part of the founding team from target sectors including technology, consumer/retail, financial technology, healthcare and media/entertainment.

“We are pleased to expand our impact-oriented client offerings with the addition of . . .

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