Quartus Capital Partners closed Quartus AI Fund LP at $50 million plus on July 14, 2025 — a NYC-headquartered growth-stage AI vehicle backed by endowments, foundations, RIAs, and family offices.

Key facts

• Firm: Quartus Capital Partners
• Date announced: July 14, 2025
• Fund size: $50M+ (final close)
• Focus: Growth-stage AI and technology ventures
• Stage: Growth (not early seed)
• HQ: New York City (+ Miami, Silicon Valley, Asia)
• Founder: Afzal M. Tarar (Founder & Managing Partner)
• Benchmark: Cambridge Associates; top quartile net IRR and TVPI

Portfolio (9 companies during fundraise)

Deployed across healthcare, education, security, and logistics — capital was actively deployed while raising the fund.

LP base

Endowments, foundations, RIAs, and family offices.

Why this matters

Quartus represents NYC’s growth-stage AI fund segment — distinct from inception funds like Boldstart or seed specialists like Betaworks. The top-quartile performance track record and institutional LP base signal maturation of NYC AI investing beyond early-stage.

Sources

1. GlobeNewswire (July 14, 2025): https://www.globenewswire.com/news-release/2025/07/14/3114898/0/en/Quartus-Capital-Partners-is-Delighted-to-Announce-the-Final-Closing-of-Quartus-AI-Fund-LP-with-50-Million-Plus-in-Commitments.html