Christopher Ryan, Managing Director of Moelis AM, said, "The Archean platform is intended to allow individual managers the certainty of a large and stable source of initial capital for a rapid first close and the fundraising capabilities to secure additional capital commitments for their first funds. In partnership with Veritable, we believe there will be tremendous opportunities to grow this unique investment platform for the benefit of new managers and investors alike."About Veritable Veritable, a leading wealth management firm, manages over $13 billion across nearly 200 ultra-high-net-worth families. A pioneer in open-architecture wealth advisory services, Veritable provides comprehensive, objective and tax-sensitive investment consultation through an approach customized for each client's specific needs. Founded in 1986 by Chief Executive Officer Michael Stolper, the firm is headquartered in Newtown Square, PA with offices in San Francisco, CA, and has 84 employees, including 36 investment advisory and 12 research professionals. For further information, please visit: www.veritablelp.com. About Moelis Asset Management Moelis Asset Management LP ("Moelis AM") is the parent company for alternative asset management firms with leading capabilities in private equity, direct lending, credit funds and structured products. The Firm has been built on the premise of backing high caliber investment firms with products it believes can provide attractive risk adjusted returns for investors. The businesses of Moelis AM include Chamonix Partners Capital Management LLC, a structured products investment manager, Freeport Financial Partners LLC, a direct lending platform, Gracie Asset Management, a multistrategy credit manager, Moelis Capital Partners, LLC, a private equity firm focused on middle market companies, and Steele Creek Investment Management, a manager of collateralized loan obligations and other broadly syndicated loan products. Moelis AM was also a founding investor of College Avenue Loans LLC, a private student loan company. Moelis AM advisers currently have aggregate assets under management of over $3 billion. Moelis AM is an affiliate of Moelis & Company (NYSE:MC) ("Moelis"), a leading global independent investment bank. For further information, please visit: www.moelisassetmanagement.com.