Bain Capital, Morgan Stanley and Newlight to invest $350m in SelectQuote.

Bain Capital, a private investment firm, Morgan Stanley Private Credit, a private credit platform, and Newlight, a private equity firm, agreed to invest $350m in SelectQuote, a distributor of medicare insurance policies and owner of a healthcare services platform. “This strategic investment provides the financing we need to capitalize on the robust growth opportunities we foresee in both the senior health insurance and healthcare services marketplaces. While we have more work to do, this deal, on the heels of our 2024 receivables securitization, marks the second meaningful milestone toward our ultimate goal of refinancing the business and significantly deleveraging the balance sheet,” Tim Danker, SelectQuote CEO.