---
title: "Asymmetric Capital Partners Closes $137M Fund II"
description: "Asymmetric Capital Partners closed Fund II at $137M, beating its $125M target and pushing total AUM past $240M for vertical software and healthcare IT."
date: 2025-10-17T00:00:00.000Z
tags: ["asymmetric-capital-partners", "fund-close", "venture-capital", "startup-funding", "new-york-funds"]
source: https://venturecapitaltracker.com/2026-asymmetric-capital-partners-137m-fund-ii
---

# Asymmetric Capital Partners Closes $137M Fund II

> Asymmetric Capital Partners closed Fund II at $137M, beating its $125M target and pushing total AUM past $240M for vertical software and healthcare IT.

**Asymmetric Capital Partners** closed **Fund II at $137M** in October 2025, beating its $125M target and bringing total AUM past $240M.

## Key facts

- **Firm:** Asymmetric Capital Partners (founded 2021)
- **Fund II:** $137M (target $125M)
- **Total AUM:** $240M+
- **Strategy:** Lead $2-10M checks, ~20% ownership, Pre-seed–Series A
- **Focus:** Vertical software, healthcare IT, SMB consolidations
- **Fund I ($105M):** 29 core investments; exits include Torc, EvolutionIQ, Zorus

## Why this matters

Fund II doubles down on the concentrated, operator-led model that put Fund I in the top 5% of its 2021 vintage. Managing partner Rob Biederman's team invests across New York, Boston, and San Francisco.

## Sources

1. Asymmetric Fund II announcement (PR Newswire, Oct 17, 2025): https://www.prnewswire.com/news-releases/asymmetric-capital-partners-announces-137-million-fund-ii-to-back-early-stage-founders-302587024.html
2. Asymmetric Capital Partners — Fund II post: https://www.acp.vc/post/announcing-asymmetric-fund-ii-137m-to-back-early-stage-founders

**By:** [Venture Capital Tracker](https://venturecapitaltracker.com/editorial-policy)

**Editorial note:** AI tools assisted with research, structure, or drafting. Venture Capital Tracker retains human editorial responsibility for factual accuracy, relevance, and source quality before publication.