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Morgan Stanley Capital Partners Completes Investment in Project Management Academy

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Investment funds managed by Morgan Stanley Capital Partners (MSCP),
announced today that they have completed an investment in Project
Management Academy ("PMA" or the "Company"), a leading provider of
training and exam preparation services for project management
professionals. MSCP is partnering with the current CEO, Jason Cassidy,
and the rest of the management team, who will remain in place and retain
an equity stake in the business.

Project Management Academy was founded in 2009 to provide best-in-class
training for the career-critical Project Management Professional (PMP)®
certification. The PMP® certification is widely recognized as
the leading certification for project managers across multiple
industries, with over 700,000 registered professionals. The Company has
since expanded its product suite to also offer training in related
disciplines including Agile, Business Analysis, and Six Sigma and
leadership. The Company currently provides both in-person and online
training to more than 11,000 individuals and 170 corporations across the
U.S. and Canada.

Adam Shaw, Managing Director of MSCP, said: "We are very excited for the
opportunity to work with Jason and the PMA team. This talented
management team has developed an exceptional brand and, as a result of
its focus on high-quality instruction, has become a leader in project
management training. We believe MSCP is the ideal partner for PMA as the
business continues to enter new markets, expand its product portfolio
and execute on strategic M&A."

Jason Cassidy, Chief Executive Officer of Project Management Academy,
added: "We are excited to partner with Morgan Stanley Capital Partners
and enter a new phase of growth and capability-building at PMA. We are
proud of the brand and market presence we have established and expect
this new partnership to deliver significant value for our customers as
we expand our services to best serve their needs."

Debevoise & Plimpton LLP served as legal advisor to MSCP. William Blair
served as financial advisor to Project Management Academy.

About Morgan Stanley Capital Partners

Morgan Stanley Capital Partners, part of Morgan Stanley Investment
Management, is a leading middle-market private equity platform that has
invested capital in a broad spectrum of industries for over three
decades. Morgan Stanley Capital Partners focuses on privately negotiated
equity and equity-related investments primarily in North America and
seeks to create value in portfolio companies primarily in a series of
subsectors in the business services, consumer, healthcare and
industrials markets with an emphasis on driving significant organic and
acquisition growth through an operationally focused approach. For
further information about Morgan Stanley Capital Partners, please visit www.morganstanley.com/im/capitalpartners.

About Morgan Stanley Investment Management

Morgan Stanley Investment Management, together with its investment
advisory affiliates, has more than 671 investment professionals around
the world and $480 billion in assets under management or supervision as
of March 31, 2019. Morgan Stanley Investment Management strives to
provide outstanding long-term investment performance, service and a
comprehensive suite of investment management solutions to a diverse
client base, which includes governments, institutions, corporations and
individuals worldwide. For further information about Morgan Stanley
Investment Management, please visit www.morganstanley.com/im.

About Morgan Stanley

Morgan Stanley (NYSE:MS) is a leading global financial services firm
providing investment banking, securities, wealth management and
investment management services. With offices in more than 41 countries,
the Firm's employees serve clients worldwide including corporations,
governments, institutions and individuals. For more information about
Morgan Stanley, please visit www.morganstanley.com.

PMP is a registered mark of Project Management Institute, Inc.

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