Harvest Partners LP, through its managed funds, made "a substantial strategic investment" in MRI Software LLC.

The middle-market private equity firm joins existing investors GI Partners LLC and TA Associates Management LP as institutional shareholders in the real estate software provider.

TA Associates, which was reported in September 2019 to be looking at a full exit and other options for MRI, also made a significant new investment in the company.

TA Associates, GI Partners and Harvest Partners will have equal representation on MRI's board.

UBS is the exclusive financial adviser, while Kirkland & Ellis and Goodwin Procter are the legal advisers to MRI, GI Partners and TA Associates. White & Case is the legal adviser to Harvest Partners.