Morgan Stanley Investment Management has announced that Fetch, a rewards app, has secured $50 million in debt financing from investment funds managed by Morgan Stanley Private Credit. The funding is intended to facilitate Fetch's expansion plans as it seeks to broaden its business operations.

Morgan Stanley Investment Management (MSIM) announced the successful closing of the Morgan Stanley Next Level Fund, L.P. ("Next Level" or the "Fund") at $50 million in total capital commitments. The fund is specifically designed to invest in early-stage technology and technology-enabled companies, with a particular emphasis on those that have underrepresented members on their founding teams.