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Black Angels Group
Black Angels Group operates a fund-of-funds mandate focused on early-stage venture capital, deploying primarily into seed and Series A managers across North...
Overview
Black Angels Group operates a fund-of-funds mandate focused on early-stage venture capital, deploying primarily into seed and Series A managers across North America. The firm constructs concentrated portfolios, typically backing sub-$250M vehicles where capacity is scarce and manager selection drives the bulk of alpha. The portfolio covers enterprise software, deep tech, and cybersecurity, though specific fund-level commitments are not publicly itemized. Deployment is structured as direct fund commitments, with limited evidence of co-investment or secondary activity. While Black Angels Group does not disclose aggregate AUM, its multi-city presence and institutional LP base imply a deployment engine sized meaningfully above a family office but below a broadly syndicated fund-of-funds platform. The firm does not publicly name underlying portfolio GPs or provide a detailed track record, placing it in the opaque cohort of allocators that operate through relationship-driven sourcing rather than open RFP processes. Team size and leadership are not publicly enumerated; the absence of a dedicated website or LinkedIn presence reinforces a low-profile posture. Adjacent vehicles or philanthropic structures, if any exist, are similarly undisclosed.
General information
Firm type
Fund of Funds
Location
Region
North America
Country
United States
City
New York
Corporate office
New York, NY, United States
Additional offices
Mountain View, CA · Alexandria, VA · Burlingame, CA
Frequently asked questions
What is Black Angels Group's investment model?
Black Angels Group operates as a concentrated fund-of-funds, committing capital to a select number of early-stage venture GPs rather than building broadly diversified portfolios. The firm targets seed and Series A managers where capacity constraints limit access for larger institutional LPs, constructing high-conviction fund commitments. Specific fund investments and track record data are not publicly disclosed.
Does Black Angels Group do direct investments or only fund commitments?
The firm's primary model is fund-of-funds commitments to emerging managers; there is no public evidence of a direct investment or co-investment program. Its structure is distinct from hybrid allocators that blend fund commitments with direct deals alongside their GPs. Allocators evaluating Black Angels Group should confirm this boundary directly during due diligence.
Who runs Black Angels Group?
Black Angels Group does not publicly name its investment committee, managing partners, or principals on any widely available professional platform or regulatory filing. The firm maintains an intentionally low-profile posture typical of certain institutional allocators, though this limits independent verification of team composition, experience depth, and key-person risk by prospective LPs or co-investors.
What is Black Angels Group's known AUM?
Black Angels Group has not publicly disclosed assets under management, and no authoritative third-party publication has reported a verified figure. The absence of Form ADV filings or equivalent public regulatory disclosures, combined with the lack of a firm website, leaves its AUM undisclosed.
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