Human Interest Announces $50M Investment from Morgan Stanley Tactical Value
401(k) provider Human Interest today announced its latest investment from Morgan Stanley’s investment platform.
The Morgan Stanley Tactical Value platform will invest up to $50 million in the firm, joining a list of investors and partners supporting Human Interest including BlackRock and hedge firms Baillie Gifford and Marshall Wace, and bringing the 401(k) provider to over $700 million in total primary and secondary financings. The investment, unannounced until now, was part of the firm’s previously announced Series E round last July.
“This investment will support expanded access to modern, automated retirement benefits for businesses of all sizes,” said Jeff Schneble, CEO of Human Interest. “This funding helps us continue our journey to reinvent the 401(k) experience for employers, advisors, and workers across the country.”
The investment comes during a period of unprecedented growth for Human Interest. The San Francisco, CA-based firm generated 71% year-over-year revenue growth in 2024 and has represented nearly three million employees in the last decade.
The firm also unveiled its PartnerConnect next-gen platform in April, aimed at helping advisors create, manage, and monitor their clients’ 401(k) accounts and investments. To build the PartnerConnect platform, Human Interest says it invested over 50,000 hours in product and engineering over the last year, in direct consultation with financial advisors.
Since its inception, the platform has connected with nearly 1,000 customers and over 400 advisors from over 140 firms.
“Human Interest is disrupting the retirement industry through their continued modernization of outdated legacy systems and processes,” said David Zhong, executive director of Morgan Stanley Tactical Value. “They are saving countless hours and millions of dollars for businesses, financial advisors, and retirement savers.”
Morgan Stanley Tactical Value is the private investment platform within Morgan Stanley Investment Management (MSIM). MSIM has over 1,400 investment professionals globally and $1.7 trillion in assets under management (AUM) or supervision as of June 30, 2025.
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Amanda Umpierrez is the Managing Editor of 401(k) Specialist magazine. She is a financial services reporter with nearly a decade of experience and a passion for telling stories and reporting news. She is originally from Queens, New York, but now resides in Denver, Colorado.
