Archean Capital Partners closed its Archean Capital Fund II at over $425 million as interest in providing strategic anchor capital to newly formed private equity firms is clearly on the rise.
The firm was set up in 2017 by outsourced CIO firm Veritable and parent company Moelis Asset Management to provide initial LP capital and value-added support to emerging managers. Across it first two funds, Archean has put $350 million to work with four private equity firms -- Petrichor Healthcare Capital Management, MiddleGround Capital, Equality Asset Management and Invictus Growth Partners. Archean is actively deploying capital eyeing . . .
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