# Agate Capital

Agate Capital is a Private Equity based in San Francisco, United States.

## Overview

- **Organization type:** Private Equity
- **Headquarters:** San Francisco, United States
- **Region:** North America
- **Address:** San Francisco, CA, United States
- **Founded:** 2018
- **Assets under management:** Undisclosed
- **Website:** agatesteel.com
- **LinkedIn:** https://www.linkedin.com/company/agate1

## Regulatory record

- **CRD number:** 310823
- **SEC file number:** 802-119738
- **Registration status:** Registered
- **Reports private funds:** Yes
- **IAPD record:** https://adviserinfo.sec.gov/firm/summary/310823

## About

Agate Capital is an exempt reporting adviser in San Francisco, CA. The firm advises clients on investment strategies. It is based in San Francisco.

## Sectors

- Enterprise Software
- AI/ML

## Questions

### Which sectors receive the majority of Agate Capital's investment activity?

Agate concentrates on enterprise software, applied artificial intelligence, and machine learning infrastructure companies. The firm focuses on vertical B2B outcomes — businesses selling specialized software and AI tools into specific industries rather than horizontal platforms. This sector focus reflects a thesis that durable returns in enterprise technology come from deep domain expertise rather than generalized applications.

### Does Agate Capital participate in fund commitments or only direct deals?

Agate Capital structures investments through both traditional limited partnership vehicles and co-investment special purpose vehicles (SPVs) for select LPs. This dual structure allows the firm to offer direct co-investment access to family offices and endowments alongside its primary fund commitments. The firm does not publicly operate as a fund-of-funds or allocate externally to third-party managers.

## Related profiles

- [Agamya Capital](https://altss.com/profile/agamya-capital)
- [Agnus Capital](https://altss.com/profile/agnus-capital)

---

Last updated: 2026-08-14T12:30:00.000Z

Canonical page: https://altss.com/profile/agate-capital

Maintained by Altss — https://altss.com — methodology: https://altss.com/methodology