{"id":59500,"date":"2025-08-05T06:11:13","date_gmt":"2025-08-05T06:11:13","guid":{"rendered":"https:\/\/www.newsbeep.com\/us\/59500\/"},"modified":"2025-08-05T06:11:13","modified_gmt":"2025-08-05T06:11:13","slug":"human-interest-to-receive-up-to-50m-investment-from-morgan-stanley","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/us\/59500\/","title":{"rendered":"Human Interest to Receive up to $50M Investment From Morgan Stanley"},"content":{"rendered":"

Morgan Stanley Tactical Value will invest up to $50 million in 401(k) provider Human Interest Inc., bringing the San Francisco-based company to more than $700 million in total primary and secondary financings.<\/p>\n

According to a statement from Human Interest, which launched its 401(k) plan management platform PartnerConnect<\/a> in April, Morgan Stanley\u2019s investment is part of a Series E funding round that previously included investments from Marshall Wace, Baillie Gifford and BlackRock.<\/p>\n

<\/p>\n

Want the latest retirement plan adviser news and insights? Sign up for PLANADVISER newsletters. \uf061<\/p>\n

<\/a><\/p>\n

This year, Human Interest is on track to work with 37% of all new 401(k) plans in the U.S., according to Rakesh Mahajan, its chief revenue officer, citing internal data.<\/p>\n

\u201cMorgan Stanley\u2019s investment is a further testament to what we\u2019re doing,\u201d Mahajan says. \u201cWe\u2019re trying to bring [the retirement plan industry] into the modern age, and these investments are enabling us to continue that.\u201d<\/p>\n

Mahajan says Morgan Stanley\u2019s investment will help fund development of an \u201camplified\u201d version of PartnerConnect that will be released during the year\u2019s third quarter.<\/p>\n

In its first three months, PartnerConnect was used by nearly 1,000 customers with more than 400 advisers from more than 140 firms, according to the company.<\/p>\n

Mahajan says the company is helping bring 401(k) plans to those \u201cmost ignored\u201d by the industry, including hourly workers.<\/p>\n

\u201cA car rental company that just signed up, they have 10,000 employees, almost all hourly workers, and they\u2019ve never had a retirement plan,\u201d he says. \u201cIt is humbling and heady to be able to help.\u201d<\/p>\n

Last year, Human Interest took \u201csignificant steps towards public company readiness\u201d with its Series E funding, but Mahajan did not share a timeline for an initial public offering.<\/p>\n","protected":false},"excerpt":{"rendered":"Morgan Stanley Tactical Value will invest up to $50 million in 401(k) provider Human Interest Inc., bringing the…\n","protected":false},"author":2,"featured_media":59501,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[39],"tags":[28,147,530],"class_list":["post-59500","post","type-post","status-publish","format-standard","has-post-thumbnail","category-personal-finance","tag-business","tag-personal-finance","tag-personalfinance"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/posts\/59500","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/comments?post=59500"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/posts\/59500\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/media\/59501"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/media?parent=59500"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/categories?post=59500"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/tags?post=59500"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}