NYC VC Fund Launch: Quartus Capital Closes $50M+ AI Fund for Growth-Stage Tech
New York-based Quartus Capital Partners closed its Quartus AI Fund LP at $50M+ on July 14, 2025, deploying into growth-stage AI ventures across healthcare, education, and logistics.
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
- 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
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