Moelis and Veritable Launch Archean Capital Partners

January 20, 2017

On January 20, 2016, Moelis Asset Management LP and Veritable LP announced the launch of private fund seed investor Archean Capital Partners.

Through the joint venture, Moelis Asset Management LP (“Moelis Asset Management”) and Veritable LP (“Veritable”) will seek capital commitments for a series of special purpose vehicles (“SPVs”) with single managers to invest in newly launched private funds. The first SPV of Archean Capital Partners has already been established, with $100 million of capital from Veritable clients and individuals from Veritable, Moelis Asset Management and Moelis & Company.

Veritable is a Pennsylvania-based wealth management firm, specializing in customized investment consultation. Veritable manages assets for almost 200 ultra-high-net-worth families, reaching over $13 billion in assets under management.

Moelis Asset Management is the parent company for multiple alternative asset management firms including Chamonix Partners Capital Management LLC, Freeport Financial Partners LLC and Steele Creek Investment Management. The Moelis Asset Management firms specialize in private equity, direct lending, credit funds and structured products, and have a combined assets under management of over $3 billion.

To read the news release: please click here.


Investment Manager Strategic Investments, Seed Deals, Transactions