Aquiline Capital Partners, a private equity firm investing in financial services and technology, agreed to acquire CoAdvantage, a professional employer organizations ​and provider of strategic human resource solutions for small to mid-sized companies, from investment funds managed by Morgan Stanley Capital Partners. Financial terms were not disclosed. “Aquiline Capital Partners has expertise in the insurance, benefits and Human Resources administration industries that will be valuable to our business as we continue executing our growth strategy while maintaining the company’s independence,” Clint Burgess, CoAdvantage President & CEO. “Outsourcing of human resources administration and risk management is a growing trend, particularly in the small and mid-sized business segment. This is driving strong demand for professional employer organization services and CoAdvantage is well-positioned given its scale and comprehensive product offering,” Jeff Greenberg, Aquiline Chairman and Chief Executive Officer.