Achieve Partners has raised $450 million for Achieve Partners Workforce Fund II LP to invest in companies facing talent shortages driven by artificial intelligence adoption, with a focus on sectors such as behavioral health and biotechnology.

Acquirer:Achieve Partners (US)
Target:Achieve Partners Workforce Fund II LP
Type:Fund raising
Value:$450m
Close Date:April 28, 2026
Sell-side financial advisors:River Associates, JP Morgan, Diligentia, OM Partners
Buy-side legal advisors:Katten Muchin Rosenman, Lenz & Staehelin

Deal Mechanics

Achieve Partners closed its second workforce fund with a total of $450 million in capital. The firm aims to address the labor market disruption caused by artificial intelligence (AI) adoption and invests in companies that can benefit from structured apprenticeship programs designed to create skilled workers.

Strategic Rationale

The new fund focuses on sectors such as behavioral health, biotechnology, cloud migration, data centers, and energy. These industries are experiencing significant talent shortages due to the rapid integration of AI technologies.

Achieve Partners' model involves deploying buyout capital into companies where apprenticeship programs can be integrated into their business operations. The aim is to help these firms scale their operations by developing their own skilled labor force, thereby enhancing both economic mobility for workers and strong returns for investors.

Financial Context

The $450 million raised represents a significant increase from Achieve Partners' first fund, which was more than half the size. The earlier fund generated top-quartile returns across net DPI (Distributed Proceeds to Invested Capital), TVPI (Total Value to Paid-in Capital), and IRR metrics as of September 30, 2025.

Advisors

  • Sell-side financial advisors: River Associates, JP Morgan, Diligentia, OM Partners
  • Buy-side legal advisors: Katten Muchin Rosenman, Lenz & Staehelin

Outlook

Achieve Partners plans to deploy the capital raised through Fund II into companies that can integrate apprenticeship programs as part of their business strategy. The firm believes this approach will help address workforce shortages and create long-term value for both employees and investors.