Morgan Stanley secures $1B for growth equity fund investments

Ramp: Ramp provides a corporate spending management platform that integrates cards, payments, procurement, and AI-powered analytics for businesses. It recently expanded into the UK market, formed a partnership with Fortune Media for operational and editorial use of its tools, and highlighted growing adoption of its AI token spend management features. Ramp is one of the startups already backed by Morgan Stanley Investment Management's new growth equity fund. Anduril: Anduril is a defense technology company specializing in autonomous systems, AI-driven platforms, and munitions for military applications. It recently advanced production and weapons integration for its FQ-44 Fury uncrewed fighter aircraft under the U.S. Air Force's Collaborative Combat Aircraft program, while also partnering on air defense interceptors. The firm is among the portfolio companies in Morgan Stanley's inaugural growth equity fund. Databricks: Databricks develops a unified data and AI platform used by enterprises for data science, machine learning, and analytics. It was recently recognized as a leader in Gartner's Magic Quadrant for AI Platforms for Data Science and Machine Learning for the second consecutive year, with new advancements in agentic AI tools and real-time lakehouse capabilities. The company is one of the early investments in Morgan Stanley Investment Management's new growth equity fund. Morgan Stanley: Morgan Stanley is a global financial services firm with a major investment management division that oversees alternatives and private market strategies. Its North Haven Growth & Innovation Fund targets high-growth private companies, combining capital with the firm's broader capabilities in investment banking, wealth management, and institutional services. The fund has already backed category leaders in data, defense technology, and fintech as part of efforts to support companies that remain private longer. Private Markets Focus: Morgan Stanley Investment Management's new fund is designed for high-growth private companies that are remaining private longer and generating more value creation in private markets. Integrated Firm Capabilities: The fund draws on Morgan Stanley's combined strengths across investment management, institutional securities, and wealth management to support portfolio companies throughout their lifecycle. Tech and Defense Investments: Early commitments target leading companies in data analytics, autonomous defense systems, and fintech spending infrastructure.