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Black Cat Wealth
Black Cat Wealth is a San Francisco multi-family office founded by Patrick Nagle in 2013, investing in real estate, private credit, and venture capital.
Black Cat Wealth
Patrick Nagle launched Black Cat Wealth in 2013 as a multi-family office serving ultra-high-net-worth families, with a focus on alternative asset classes. The firm operates from its San Francisco base, though its client base spans the United States (per public record). Black Cat Wealth targets real estate, private credit, venture capital, and direct investments, often structuring co-investments alongside institutional partners. Confirmed exposures include healthcare and technology companies, though specific portfolio holdings are not broadly published. The firm has completed deals across North America, with a particular emphasis on the US West Coast. The firm's team includes Aaron Talerman as President and Kyle Barror as Managing Director, though total headcount is not public. Black Cat Wealth has not disclosed AUM or deployment totals, but public records suggest an active deal flow in the lower-mid-market range. A structural differentiator is the firm's hybrid model — it manages direct family capital while also sourcing and vetting deals for external clients. This dual structure allows it to access proprietary deal flow and negotiate co-investment terms typically reserved for larger institutions.
General information
Firm type
Multi Family Office
Year founded
2013
AUM
Undisclosed (Altss estimate)
Location
Region
North America
Country
United States
City
San Francisco
Corporate office
San Francisco, CA, United States
Principals
Patrick Nagle
CEO and Founder
Aaron Talerman
President
Kyle Barror
Managing Director
Sector focus
Frequently asked questions
Who runs investment decisions at Black Cat Wealth?
Investment decisions are led by CEO and Founder Patrick Nagle, with input from President Aaron Talerman and Managing Director Kyle Barror. The team sources deals both from proprietary networks and institutional co-investment opportunities (per public record).
Does Black Cat Wealth commit fund capital or only direct deals?
The firm does both — it can commit to funds or structure direct deals and co-investments with other family offices and institutional partners. Its stated preference is for direct control over deployment terms, which typically leads to co-investment structures (per public record).
What investment stages does Black Cat Wealth target?
The firm targets lower-mid-market and growth-stage opportunities across its focus sectors, typically in the range of $5M to $50M per transaction. It avoids early-stage venture and large-cap public equities, focusing on illiquid alternatives (per public record).
How is Black Cat Wealth structured as a multi-family office?
Black Cat Wealth operates as an independent registered investment advisor (RIA), managing capital for multiple families rather than a single family. This structure allows it to pool capital from several ultra-high-net-worth families and negotiate institutional terms on co-investments (per public record).
Does Black Cat Wealth maintain philanthropic structures?
No public documentation of formal philanthropic vehicles or foundations associated with the firm exists. The firm's focus appears to be investment management rather than charitable planning (per public record).
What is Black Cat Wealth's known posture on co-investments?
The firm actively seeks co-investment opportunities alongside institutional partners, particularly in real estate and private credit. It structures sidecar vehicles to allow multiple families to participate in individual deals, often acting as lead deal-sourcer or co-sponsor (per public record).
Which sectors does Black Cat Wealth explicitly avoid?
The firm has not publicly stated any explicit avoidance criteria. Based on disclosed activity, it concentrates on real estate, private credit, healthcare, and technology, and has no apparent presence in public equities, hedge funds, or commodities (per public record).
Profile maintained by Altss using OSINT (open-source intelligence), regulatory filings, licensed data partners, and verified direct submissions. Read the methodology. Last updated: . Continuous refresh with full update cycles at least every 30 days.
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