Morgan Stanley Expansion Capital Invests $27.5M in Cover Whale

Morgan Stanley Expansion Capital Invests $40M Growth Equity in Cover Whale

July 28, 2025

Insurance

Morgan Stanley Expansion Capital provided $40 million in growth equity to Cover Whale Insurance Solutions to accelerate investments in its technology platform, analytics, and product expansion. The financing converts Morgan Stanley's prior structured debt into an equity partnership as Cover Whale scales its telematics-driven commercial auto insurance MGA, which reported $133 million in gross written premiums year-to-date and is on track for $277 million for the full year.

Morgan Stanley Expansion Capital Invests $24M in ValGenesis

May 4, 2021

Cloud & SaaS

Morgan Stanley Expansion Capital has made a $24 million growth investment in ValGenesis, a provider of cloud-based validation lifecycle management (VLMS) software for the life sciences. Proceeds will bolster sales, accelerate product innovation in digital validation technologies, and support global deployment.

NMS Capital Group Acquires Get Cover Technologies

November 18, 2025

Insurance

NMS Capital Group, the Saliba family office-backed private equity firm, has acquired Get Cover Technologies, the parent company of Get Cover, a Los Angeles-based insurtech that provides cloud-based warranty and service contract solutions. The deal positions NMS to expand its presence in technology-enabled insurance while enabling Get Cover to scale its platform across B2B, B2C and education channels and accelerate product rollout and customer growth.

Bain Capital Insurance Invests in 1970 Group

July 29, 2024

Insurance

1970 Group, a specialist provider of insurance collateral funding and risk-financing solutions, received a growth capital investment from Bain Capital Insurance to support expansion of its liquidity management offerings. Financial terms were not disclosed; the investment is intended to help 1970 Group scale its insurance collateral model across the United States and Canada.

Seacoast Capital Provides $9.5M Growth Capital to The Wing Group

July 9, 2019

Manufacturing

Seacoast Capital provided $9.5 million of subordinated debt with warrants and common stock to The Wing Group to support the company’s acquisition of Mustang Survival. The non-control growth capital investment will help The Wing Group expand its product lines in mission-critical marine safety and inflatable watercraft for commercial, recreational and government customers.

Boyne Capital Affiliate Acquires Majority Interest in CarCovers.com

January 21, 2021

E-Commerce

An affiliate of Boyne Capital has acquired a majority interest in CarCovers.com, a direct-to-consumer e-commerce retailer of vehicle covers and protection products founded by Jonathan (Jony) Volk. The investment is a new platform commitment from Boyne’s BCM Fund I and is intended to support CarCovers’ product expansion and accelerated growth under continued founder partnership.