Karmel Capital Management announced the final close of its newest opportunity fund and related vehicles, securing approximately $170 million in total capital commitments. The raise marks the largest fundraise to date for the San Diego-based alternative investment management firm.
The fund and affiliated vehicles attracted backing from both existing limited partners and new global investors, including endowments and family offices. According to the firm, about 52% of total commitments have already been deployed into leading AI infrastructure companies and related software applications in the United States and internationally.
The new capital will support Karmel’s continued focus on technology investments through direct secondaries, reflecting its data-driven and thematic approach to identifying opportunities in the technology secondary market. The firm emphasized its structured sourcing and selection process as central to its investment strategy.
Founded in 2013, Karmel Capital operates dedicated funds investing in AI infrastructure and enterprise technology and software companies via direct secondary transactions and selected primary rounds. The firm’s leadership team brings experience from both investment and operating roles in the technology sector, with the founding partners having invested together for more than a decade.
KEY QUOTES
“We are grateful for the strong support from both our existing and new limited partners. 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.”
Jim Brailean, Co-Founder And Managing Partner, Karmel Capital
“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.”
Scott Neuberger, Co-Founder And Managing Partner, Karmel Capital
