StepStone Angels

StepStone Angels

StepStone Angels is a specialty investment group within StepStone Group, a global private markets firm founded in 2007 and headquartered in New York. The group provides StepStone's institutional clients — pension funds, endowments, and family offices — with access to early-stage direct investments, typically alongside established venture capital firms. The group focuses on sourcing and executing direct and co-investment opportunities in companies across the technology sector, including enterprise software, fintech, healthcare, and other high-growth verticals. It operates across multiple stages from seed to growth equity, enabling its clients to participate in venture deals that might otherwise be reserved for dedicated venture capital funds. The approach is capital-efficient, using StepStone's due diligence infrastructure to evaluate opportunities. StepStone Angels leverages the parent firm's network of general partner relationships and its own deal-sourcing capabilities across the United States, with a presence in Palo Alto, San Francisco, New York, Santa Monica, Indianapolis, and Santa Barbara. The group does not disclose AUM or deployment figures publicly. StepStone itself had over $700 billion in assets under management as of recent filings, though StepStone Angels represents a small segment of that total. A structural differentiator is the group's ability to offer institutional allocators a turnkey vehicle for angel and venture-stage direct investing without requiring those institutions to build internal venture teams. This model positions StepStone Angels as a bridge between large limited partners and the fragmented early-stage deal market, providing governance, deal flow curation, and portfolio management services that most LPs lack.