Karmel AI Fund LP is a private equity fund based in Solana Beach, California. According to its most recent Form D, filed Jul 18, 2025, it has sold $42,900,000 of interests to 64 investors since its first sale in Jun 2025. The filing does not set a minimum investment. It relies on the Section 3(c)(1) exclusion, which limits it to 100 beneficial owners, typically accredited investors. The offering uses Rule 506(b), which does not permit general solicitation. Based on its first sale date and the amount raised, AltMountain classifies it as an emerging manager. Related persons named in the filing include James Brailean; Scott Neuberger; Karmel AI Fund GP LLC.
- Total raised
- $42,900,000Cumulative sales reported on Form D
- Investors
- 64
- First sale
- Jun 27, 2025
- Minimum investment
- None set
- Who can invest
- Accredited investorsSection 3(c)(1): up to 100 beneficial owners
- Offering exemption
- Rule 506(b)No general advertising
- Key people and entities
- James Brailean; Scott Neuberger; Karmel AI Fund GP LLC
- Latest Form D
- Jul 18, 2025
From SEC filings, not verified. This page republishes the fund's Form D as filed. It is not an offer, solicitation or recommendation, and AltMountain has not reviewed the fund. “Raised” is cumulative sales, not current assets or performance. Returns are not part of SEC filings. Private funds are speculative, illiquid and generally limited to accredited investors or qualified purchasers. Full disclosures · Request a correction
Questions about Karmel AI Fund LP
What is the minimum investment for Karmel AI Fund LP?
Karmel AI Fund LP's latest Form D, filed Jul 18, 2025, does not set a minimum investment. Managers can still require one in the offering documents.
Who can invest in Karmel AI Fund LP?
Karmel AI Fund LP is generally open only to accredited investors, and it may have no more than 100 beneficial owners because it relies on Section 3(c)(1). It uses Rule 506(b), which does not allow general advertising.
How much has Karmel AI Fund LP raised?
Karmel AI Fund LP reports $42,900,000 sold from 64 investors on its Form D filed Jul 18, 2025. This is cumulative sales since the offering began, not current assets or performance.
Where is Karmel AI Fund LP based?
Karmel AI Fund LP is based in Solana Beach, California.
When did Karmel AI Fund LP launch?
Karmel AI Fund LP reports its first sale in Jun 2025, which makes it an emerging manager by AltMountain's definition (first sale in 2021 or later and under $50 million raised).
Size compared with every private equity fund
Raised more than 80% of the 1,777 private equity funds based in California, and more than 62% of all 9,142 that report sales.