Investment funds managed by Morgan Stanley Global Private Equity completed an investment in staffing firm 24 Seven Inc. The funds are partnering with the founder, Celeste Gudas, and the current management team who will remain in place and retain a significant equity stake.

24 Seven ranks No. 3 on Staffing Industry Analysts list of largest US marketing/creative staffing firms. Based in New York, 24 Seven serves the fashion, retail, marketing, interactive and creative sectors.

“We are delighted to partner with 24 Seven,” said Jim Howland, managing director and operating partner of Morgan Stanley Global Private Equity. “The company’s strong brand and dedication to client service have positioned 24 Seven as a leading player in the creative and digital staffing industry. We look forward to supporting management in implementing targeted strategic initiatives to supplement the company’s successful track record of achieving outsized growth, continuing to build 24 Seven into one of the nation’s leading staffing platforms.”

Morgan Stanley Global Private Equity also has an investment in professional employer organization CoAdvantage Inc. Last year, Morgan Stanley Global Private Equity sold marketing/creative staffing firm Creative Circle to On Assignment Inc. (NYSE: ASGN), and it is a former owner of EmployBridge, which combined with The Select Family of Staffing Companies last year.