Neostellar Advisors
Neostellar Advisors LLC is the external investment adviser to Neostellar Capital Corp. (Nasdaq: NSLR), a publicly traded investment company providing public-market investors exchange-listed access to a portfolio of 19 venture-backed private companies across AI infrastructure, SaaS, consumer goods, fintech, logistics, and other sectors, operated as a joint venture with Magnetar Holdings LLC.
- Company typePublic
- Founded2011
- HeadquartersSan Francisco, United States
- Headcount1–10
- GTM typeB2B
- OfferingServices
What Neostellar Advisors does
Neostellar Advisors LLC is the external investment adviser to Neostellar Capital Corp. (Nasdaq: NSLR; formerly SuRo Capital Corp., Nasdaq: SSSS, renamed effective July 1, 2026), a publicly traded investment company founded in 2011 that gives public-market investors access to a portfolio of private, venture-backed companies. Neostellar Advisors LLC operates as a joint venture between certain Neostellar Advisors employees and Magnetar Holdings LLC (~$18B AUM as of January 1, 2026, 20+ years investing experience), and the company is headquartered in New York with an additional office in San Francisco. The team of approximately nine people spans investment, valuations, and finance functions under Chairman, President and CEO Mark Klein.
The company's sole core product is shares of the publicly traded investment vehicle itself. The disclosed portfolio holds 19 current positions across seven sectors — AI Infrastructure & Applications (OpenAI, VAST Data, TensorWave, ClickHouse, CoreWeave), Consumer Goods & Services (WHOOP, Lime, Liquid Death), SaaS (Blink Health, Canva, Hearth), Education Technology (Learneo, StormWind), Financial Technology & Services (PayJoy, Plaid, True Global Ventures 4 Plus), Logistics & Supply Chain (FourKites, Locus Robotics), and Sports (EDGE Markets). Several of the largest exposures (OpenAI, VAST Data, TensorWave, CoreWeave, True Global Ventures 4 Plus) are held indirectly through SPVs or fund interests rather than direct equity. As of June 30, 2026, the top five holdings — WHOOP ($150.8M, 37.1%), OpenAI ($59.3M, 14.6%), VAST Data ($34.0M, 8.4%), TensorWave ($20.2M, 5.0%), and Blink Health ($17.1M, 4.2%) — together represented 69.3% of the portfolio at fair value.
The business model generates returns from two streams: appreciation of the underlying investment portfolio and management-related economics through the externally managed Neostellar Advisors LLC structure. Go-to-market is effectively direct-to-consumer via the Nasdaq listing — investors purchase NSLR through standard brokerage accounts without accreditation requirements, eligibility minimums, or multi-year lock-ups, and receive public disclosures, NAV reporting, and portfolio transparency. Distribution is reinforced through a Learn Hub on neostellar.vc, media appearances on financial networks (Barron's, BBC, MarketWatch, Schwab Network, FINTECH.TV), and ongoing SEC filings. There is no proprietary technology product; Neostellar's 'platform' is the public-market wrapper itself, enhanced by the Magnetar joint venture's sourcing and due diligence scale.
Neostellar Advisors firmographics
Firmographics- Name
- Neostellar Advisors
- Legal name
- Neostellar Capital Corp.
- Website
- https://neostellar.vc
- Company type
- Public
- Founded year
- 2011
- Operating status
- Operating
- Headcount range
- 1–10 employees
- Short description
- Neostellar Advisors LLC is the external investment adviser to Neostellar Capital Corp. (Nasdaq: NSLR), a publicly traded investment company providing public-market investors exchange-listed access to a portfolio of 19 venture-backed private companies across AI infrastructure, SaaS, consumer goods, fintech, logistics, and other sectors, operated as a joint venture with Magnetar Holdings LLC.
- Ownership category
- akta.pro rank
Neostellar Advisors industry classification
Industry- Product category
- Investment Advisory
- NAICS
- Portfolio Management and Investment Advice (523940), All Other Financial Investment Activities (52399)
- SIC
- Investors, Nec (6799), Investment Advice (6282)
- akta.pro primary industry
- Sector-Focused Venture Capital (Vertical Specialists) (FSANAAAD)
- akta.pro secondary industries
- Venture Capital Fund-of-Funds / Multi-Manager Platforms (FSANAAAJ), Equity Capital Advisory (Private Equity Placements, Growth Capital) (BPAHAOAE)
Keywords
Where Neostellar Advisors is headquartered
LocationHeadquarters
- HQ city
- San Francisco
- HQ country
- United States
- HQ region
- North America
Offices2 records
Markets served
Neostellar Advisors business model
Business model- GTM type
- B2B
- Offering type
- Services
- Cost components
- Personnel, Operations, Marketing or Sales, Technology or R&D
Revenue model
- Investment Returns: Returns generated from the appreciation of the investment portfolio consisting of equity stakes in private venture-backed companies. The fund holds positions in companies across sectors including AI Infrastructure, Consumer Goods, SaaS, EdTech, FinTech, Logistics, and Sports.
- Management Fees: Neostellar is externally managed by Neostellar Advisors LLC, a joint venture between certain Neostellar Advisors employees and Magnetar Holdings LLC. The external management structure generates management fees as part of the strategic partnership.
Go-to-market motion1 record
Distribution channels2 records
Marketing channels3 records
Neostellar Advisors product offering
Product offeringCore offering
Neostellar Advisors LLC serves as the external investment adviser to Neostellar Capital Corp. (Nasdaq: NSLR), a publicly traded investment company that provides public-market investors with access to a portfolio of private, venture-backed companies. Formed as a joint venture between Neostellar Advisors employees and Magnetar Holdings LLC, the firm provides investment sourcing, due diligence, and ongoing portfolio management for holdings spanning AI infrastructure, consumer goods, SaaS, EdTech, FinTech, logistics, and sports.
Product overview
Neostellar Capital Corp. is a single publicly traded investment vehicle (Nasdaq: NSLR) that provides public-market investors exposure to a portfolio of venture-backed private companies. Rather than a platform with multiple modules, it offers one core product: shares of the publicly traded investment company itself. The portfolio includes 19 disclosed private-company investments across sectors including AI Infrastructure & Applications (OpenAI, VAST Data, TensorWave, ClickHouse, CoreWeave), Consumer Goods & Services (WHOOP, Lime, Liquid Death), Software-as-a-Service (Blink Health, Canva, Hearth), Education Technology (Learneo, StormWind), Financial Technology & Services (PayJoy, Plaid, True Global Ventures 4 Plus), Logistics & Supply Chain (FourKites, Locus Robotics), and Sports (EDGE Markets). The company is externally managed by Neostellar Advisors LLC, a joint venture between Neostellar Advisors employees and Magnetar Holdings LLC. The investment structure includes both direct investments and indirect exposure through SPVs and fund interests.
Differentiator
Problem solved
Functional benefit
Products and services
- External Investment Advisory Services for Neostellar Capital Corp. Investment advisory and portfolio management services delivered to Neostellar Capital Corp. (Nasdaq: NSLR), a publicly traded investment company. Neostellar Advisors sources, diligence, and manages equity positions in venture-backed private companies on behalf of the public investment vehicle.
Quantifiable outcome
- 15 years of operational history providing public-market access to venture-backed companies since 2011
Companies that use Neostellar Advisors
Customer profileNamed customers1 record
Segments1 record
Ideal customer profiles1 record
Neostellar Advisors technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Neostellar Advisors partnerships and signals
Strategic signalScale indicators5 records
Recent moves7 records
Expansion highlights5 records
Neostellar Advisors competitors and assessment
Company assessmentDirect peers
- Equus Total Return: Equus Total Return (NYSE: EQS) is a small publicly traded investment company that invests in privately held and venture-backed companies, providing the closest structural and strategic analog to Neostellar Capital Corp. as a US-listed vehicle for private-company exposure.
- Silver Spike Capital: Silver Spike Capital (Nasdaq: SSPK) is a publicly traded specialty finance and investment vehicle. It is comparable to Neostellar in scale and structure as a small-cap US-listed investment company targeting growth/venture-adjacent assets.
Broad incumbents
- Hamilton Lane: Hamilton Lane (Nasdaq: HL) is a publicly traded private markets investment manager that advises on and invests in private equity, including venture and growth, via direct investments and fund-of-funds. It is comparable to Neostellar/Magnetar as a listed adviser with venture-access offerings, though at significantly larger scale.
- StepStone Group: StepStone Group (Nasdaq: STEP) is a publicly traded private markets investment manager focused on fund-of-funds, co-investments, and secondaries. It is comparable to Neostellar/Magnetar as a listed alternatives platform with exposure to venture-backed private companies through fund interests.
- Patria Investments: Patria Investments (Nasdaq: PAX) is a publicly traded alternative asset manager in Latin America with private equity, infrastructure, and credit strategies. It is comparable as a publicly listed alternative-investment manager offering investors diversified exposure to private-market assets.
- Bridge Investment Group: Bridge Investment Group (Nasdaq: BRDG) is a publicly traded vertically focused real-estate and alternatives manager. It is comparable as a US-listed, sector-focused alternative-investment platform but does not specifically target venture-backed private companies.
- Investcorp Capital Management: Investcorp (Nasdaq: INVC) is a publicly traded global alternative-investment firm spanning PE, credit, and absolute-return strategies. Comparable to Neostellar/Magnetar as a listed alternatives platform with diversified private-market exposure, though not specifically venture-focused.
Emerging players
- Hercules Capital: Hercules Capital (NYSE: HTGC) is a publicly traded BDC specializing in venture and growth-stage debt financing. It is comparable to Neostellar as a publicly traded capital provider to venture-backed private companies, though primarily through debt rather than equity.
- ARK Invest: ARK Invest is an investment manager offering publicly traded thematic ETFs with significant exposure to innovation and venture-backed themes. Comparable as an alternative listed access point to growth/venture themes for retail investors, though via liquid ETFs rather than direct private-equity exposure.
Others
- Magnetar Holdings: Magnetar Holdings is a privately held alternative-investment manager with ~$18B AUM, focused on venture and growth-stage technology companies. It is directly comparable as the JV partner in Neostellar Advisors LLC, providing investment capabilities and sourcing.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat3 records
Key risks6 records
Key highlights5 records
Customer concentration
Neostellar Advisors social profiles
Digital presenceNeostellar Advisors financial estimates
Financial estimateRevenue estimate
Valuation estimate
Neostellar Advisors leadership team
Management profileNumber of profiles
Profiles9 records
Neostellar Advisors funding detail
Funding detailFunding overview
Funding rounds1 record
Investors1 record
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Neostellar Advisors M&A and investment
M&A and investmentM&A
Investments72 records
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Neostellar Advisors
What does Neostellar Advisors do?
Neostellar Advisors LLC serves as the external investment adviser to Neostellar Capital Corp. (Nasdaq: NSLR), a publicly traded investment company that provides public-market investors with access to a portfolio of private, venture-backed companies. Formed as a joint venture between Neostellar Advisors employees and Magnetar Holdings LLC, the firm provides investment sourcing, due diligence, and ongoing portfolio management for holdings spanning AI infrastructure, consumer goods, SaaS, EdTech, FinTech, logistics, and sports.
Is Neostellar Advisors a public or private company?
Neostellar Advisors is a public company. It is classified as venture growth investor backed and is currently operating.
When was Neostellar Advisors founded?
Neostellar Advisors was founded in 2011. It employs 1 to 10 people.
Where is Neostellar Advisors based?
Neostellar Advisors is headquartered in San Francisco, United States, in the North America region.
How does Neostellar Advisors make money?
Two revenue lines are on record. Investment Returns are the primary driver. The others are management Fees.
Who are Neostellar Advisors's main competitors?
Direct peers on record are Equus Total Return and Silver Spike Capital. Broad incumbents are Hamilton Lane, StepStone Group, Patria Investments, Bridge Investment Group and Investcorp Capital Management. Emerging players are Hercules Capital and ARK Invest. Magnetar Holdings is listed as an others.
Does Neostellar Advisors have an API?
No public API is recorded for Neostellar Advisors.
What industry is Neostellar Advisors in?
Neostellar Advisors's product category is Investment Advisory. Its primary akta.pro industry code is FSANAAAD, Sector-Focused Venture Capital (Vertical Specialists), with a secondary code of FSANAAAJ, Venture Capital Fund-of-Funds / Multi-Manager Platforms. Its NAICS code is 523940 and its SIC code is 6799.