Karmel Capital Raises ~$170 Million for New AI Focused Strategy

Audio By Carbonatix

SAN DIEGO--(BUSINESS WIRE)--Feb 12, 2026--

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.

"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."

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."

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.

About Karmel Capital

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.

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 ]

Important Disclaimers

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.

For more information and disclaimers please reviewKarmel RIA. Karmel’s current Form ADV is available upon request or atadviserinfo.sec.gov.

View source version on businesswire.com:https://www.businesswire.com/news/home/20260212113331/en/

CONTACT: Media Contact

Scott Neuberger / Karmel Capital

[email protected]

KEYWORD: UNITED STATES NORTH AMERICA CANADA CALIFORNIA

INDUSTRY KEYWORD: APPS/APPLICATIONS TECHNOLOGY FINANCE BANKING OTHER TECHNOLOGY PROFESSIONAL SERVICES SOFTWARE ASSET MANAGEMENT ARTIFICIAL INTELLIGENCE

SOURCE: Karmel Capital Management LLC

Copyright Business Wire 2026.

PUB: 02/12/2026 03:28 PM/DISC: 02/12/2026 03:28 PM

http://www.businesswire.com/news/home/20260212113331/en