# Novirian Capital

Novirian 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:** 2012
- **Assets under management:** $100M - $150M (Altss estimate)
- **Website:** novirian.com
- **LinkedIn:** https://www.linkedin.com/company/novirian-capital

## Regulatory record

- **CRD number:** 171247
- **SEC file number:** 802-80614
- **Registration status:** Registered
- **Reports private funds:** Yes
- **IAPD record:** https://adviserinfo.sec.gov/firm/summary/171247

## About

Novirian Capital is a private equity firm focused on the Secondary Direct market for privately-owned technology companies. It purchases equity positions in individual companies, as well as portfolios of several companies, from existing shareholders. Post-acquisition, Novirian is a long-term investor whose assets are actively managed to support value generation and global growth of portfolio companies.

## Sectors

- Enterprise Software
- Hardware
- Consumer Internet
- Business Services

## People

- Alessandro Biral — Co-Founder & Managing Director
- Esfandiar Lohrasbpour — Co-Founder & Senior Advisor
- Ale Vigilante — Managing Director

## Questions

### How does Novirian Capital source its secondary direct deals?

Novirian sources transactions by maintaining continuous contact with venture general partners, corporate venture arms, banks, insurance companies, and founders seeking liquidity. The firm's San Francisco location places it near many of the selling institutions and companies. It acquires both single-company stakes and entire fund portfolios, and has completed several such negotiated secondary purchases to date, per the firm.

### Who runs investment decisions at Novirian Capital?

Day-to-day investment leadership comes from co-founders Alessandro Biral (Managing Director) and Esfandiar Lohrasbpour (Senior Advisor), alongside Managing Director Ale Vigilante. The firm states that these principals have completed a number of direct secondary transactions involving single companies and venture fund portfolios.

### Does Novirian Capital make primary venture investments or only secondary acquisitions?

Novirian positions itself strictly as a secondary direct acquirer. It purchases existing equity positions from current shareholders rather than participating in primary fundraising rounds. The firm may, however, lead new financing rounds for portfolio companies after acquiring a secondary position.

### What kind of sellers does Novirian typically work with?

Sellers include venture GPs managing funds near end-of-life, banks and insurers reducing venture exposure, corporations rebalancing strategic investment arms, fund-of-funds cleaning up orphaned portfolios, and founders seeking partial liquidity. Novirian structures negotiated transactions with each of these counterparty types.

## Related profiles

- [Noveus Capital](https://altss.com/profile/noveus-capital)
- [Novita Capital](https://altss.com/profile/novita-capital)

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Last updated: 2026-08-11T15:07:34.613Z

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

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