Morgan Stanley Next Level Fund is the impact-focused private equity business of Morgan Stanley Investment Management. The fund makes privately negotiated equity and equity-related venture capital investments in early-stage technology and technology-enabled companies to promote financial inclusion and generate competitive returns.
New York City, NY, US · Founded 1935
Founded in 2021 and based in New York City, the fund targets businesses that advance diversity and expand access to capital for underrepresented entrepreneurs, aligning impact objectives with long-term financial performance.
Portfolio Snapshot
Portfolio activity breakdown across disclosed investments and stages
Top Investment Stages
Stage Mix
Concentration shown as share of disclosed investments by stage.
Next Act Fund focuses on early-stage investments in women-owned and women-led companies, primarily in Southwestern Pennsylvania. The firm targets sectors including healthcare, biotech, consumer products, and software. While specific investment sizes are not disclosed, their portfolio suggests a range from seed to Series A rounds.
Innovative Fund is a sister-fund to the Collaborative Fund, initiated by NXC – the holdings company of Nexon Corporation.
BlackRock Innovation Capital is a growth stage investment fund formed by BlackRock.
Next Act Fund focuses on early-stage investments in women-owned and women-led companies, primarily in Southwestern Pennsylvania. The firm targets sectors including healthcare, biotech, consumer products, and software. While specific investment sizes are not disclosed, their portfolio suggests a range from seed to Series A rounds.
Innovative Fund is a sister-fund to the Collaborative Fund, initiated by NXC – the holdings company of Nexon Corporation.
BlackRock Innovation Capital is a growth stage investment fund formed by BlackRock.
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