.jpg)
1 hour ago
2
Article content
SAN DIEGO — Karmel Capital Management LLC (“Karmel”), is pleased to announce the successful final close of its newest opportunity fund and related vehicles, which collectively raised approximately $170 million of total capital commitments, marking Karmel’s largest fundraise to date. The fund and related vehicles received support from both existing limited partners and new investor relationships globally, including well-respected endowments and family offices. The fund and related vehicles have already deployed 52% of the commitments in leading AI Infrastructure and related software applications in the US and abroad.
THIS CONTENT IS RESERVED FOR SUBSCRIBERS ONLY
Subscribe now to read the latest news in your city and across Canada.
- Exclusive articles from Barbara Shecter, Joe O'Connor, Gabriel Friedman, and others.
- Daily content from Financial Times, the world's leading global business publication.
- Unlimited online access to read articles from Financial Post, National Post and 15 news sites across Canada with one account.
- National Post ePaper, an electronic replica of the print edition to view on any device, share and comment on.
- Daily puzzles, including the New York Times Crossword.
SUBSCRIBE TO UNLOCK MORE ARTICLES
Subscribe now to read the latest news in your city and across Canada.
- Exclusive articles from Barbara Shecter, Joe O'Connor, Gabriel Friedman and others.
- Daily content from Financial Times, the world's leading global business publication.
- Unlimited online access to read articles from Financial Post, National Post and 15 news sites across Canada with one account.
- National Post ePaper, an electronic replica of the print edition to view on any device, share and comment on.
- Daily puzzles, including the New York Times Crossword.
REGISTER / SIGN IN TO UNLOCK MORE ARTICLES
Create an account or sign in to continue with your reading experience.
- Access articles from across Canada with one account.
- Share your thoughts and join the conversation in the comments.
- Enjoy additional articles per month.
- Get email updates from your favourite authors.
THIS ARTICLE IS FREE TO READ REGISTER TO UNLOCK.
Create an account or sign in to continue with your reading experience.
- Access articles from across Canada with one account
- Share your thoughts and join the conversation in the comments
- Enjoy additional articles per month
- Get email updates from your favourite authors
Sign In or Create an Account
or
Article content
Article content
“We are grateful for the strong support from both our existing and new limited partners,” said Co-Founder and Managing Partner Jim Brailean. “The swift fundraising process and oversubscription of the fund highlight our team’s commitment to investor trust and our continuing fundamental commitment to technology investment through direct secondaries.”
Article content
Article content
By signing up you consent to receive the above newsletter from Postmedia Network Inc.
Article content
Co-Founder and Managing Partner Scott Neuberger added, “This fund enables us to continue building on our success as an experienced technology investor. Our thematic and data-driven approach gives us a unique perspective that has historically resonated with our partners.”
Article content
Karmel’s funds are not offered to the public and their general investment focus embraces a data-driven approach toward the technology secondary market, consisting of a robust sourcing and selection process for idea generation and implementation.
Article content
About Karmel Capital
Article content
Karmel Capital Management LLC is a San Diego based alternative investment management firm founded in 2013. The firm operates dedicated funds investing in AI infrastructure and enterprise technology and software companies via direct secondary transactions and selected primary rounds. The leadership is drawn from both the investment and operating sides of technology and the founding partners have invested together for the past 13 years. For more information, please visit www.karmelcapital.com.
Article content
Karmel is a Registered Investment Adviser with the SEC. Its most recent form ADV can be found here. [ https://adviserinfo.sec.gov/firm/summary/307701]
Article content
Important Disclaimers
Article content
Karmel Capital Management LLC (“Karmel”) is a Registered Investment Adviser with the SEC. However, such a status does not imply a certain level of skill or training, and no inference to the contrary should be made. All content, whether writer or oral, provided to the public is solely for informational purposes and is not intended, and should not be considered, as (i) investment or financial advice, (ii) a recommendation to buy or sell any securities (iii) an offer or solicitation for investment in any Karmel fund, past, present or future. Karmel offers advisory services only to private managed funds and only where Karmel and its representatives are properly licensed or exempt from licensure.
Article content
For more information and disclaimers please review
Article content
Article content
. Karmel’s current Form ADV is available upon request or at
Article content
Article content
.
Article content
Article content
Article content
Article content
View source version on businesswire.com:
Article content
Article content
Article content
Contacts
Article content
Media Contact
Scott Neuberger / Karmel Capital
[email protected]
Article content
English (US)