RAND CAPITAL MANAGEMENT
RAND CAPITAL MANAGEMENT LLC Legal Name
Adviser information for RAND CAPITAL MANAGEMENT last updated from Form ADV on March 28th, 2024. Select data displayed; additional Form ADV, Form D, Form 13F and other data is available from the Fincoded API.
Advisory Business
| Type of Organization | Limited Liability Company |
|---|---|
| Fiscal Year End | DECEMBER |
| Legal Location | Delaware, United States |
Employees
| Total Number of Employees | 9 |
|---|---|
| Investment Advisory/Research | 6 |
| Registered Broker-Dealer Representatives | 0 |
| Registered State Investment Advisers | 0 |
| Licensed Agents of an Insurance Company | 0 |
| No. of Firms/People that Solicit Clients | 0 |
RAUM
| Provides Management of Securities Portfolios | Yes |
|---|
| Type | Accounts | RAUM |
|---|---|---|
| Discretionary | 3 | $157.7M |
| Non-Discretionary | 0 | $0 |
| Total | 3 | $157.7M |
Clients
| Type | Number | RAUM |
|---|---|---|
| Individuals | 0 | $0 |
| HNW Individuals | 0 | $0 |
| Banking or thrift institutions | 0 | $0 |
| Investment companies | 0 | $0 |
| Business development companies | 1 | $81.0M |
| Pooled investment vehicles | 2 | $76.7M |
| Pension and profit sharing plans | 0 | $0 |
| Charitable organizations | 0 | $0 |
| State or municipal gov entities | 0 | $0 |
| Other investment advisers | 0 | $0 |
| Insurance companies | 0 | $0 |
| Sovereign wealth funds and foreign official institutions | 0 | $0 |
| Corporations or other businesses | 0 | $0 |
| Other | 0 | $0 |
| Type | Number |
|---|---|
| No. of Non-RAUM Clients | 0 |
| No. of Non-U.S. Clients | 0 |
Services
| Advisory Services | Portfolio management for investment companiesPortfolio management for pooled investment vehicles |
|---|---|
| Compensation | % of AUMPERFORMANCE, TRANSACTION CLOSING, MONITORING, BOARD FEES TO GP |
| Other Business Activities | Commodity pool operator or commodity trading advisor |
Identifiers
| SEC RIA File Number | 801-116971 |
|---|---|
| SEC ERA File Number | 801-116971 |
| SEC CIK Numbers | None |
| SEC CRD Numbers | 304504 |
| Legal Entity Identifier | None |
Principal Office
14 LAFAYETTE SQUARESUITE 1405
BUFFALO
NY
United States
Monday - Friday, 9:00 AM TO 5:00 PM
Tel: 617-880-7494, Fax: None
Chief Compliance Officer
KRISTEN CAMMARATA
CCO
TWO INTERNATIONAL PLACE
SUITE 1830
BOSTON
MA
United States
Tel:
6178807494
K*********@************M
(Full email address available in API data)
Regulatory Contact
DANIEL PENBERTHY
CO-CEO
14 LAFAYETTE SQUARE
SUITE 1405
BUFFALO
NY
United States
Tel:
716-853-0802
D*********@**************M
(Full email address available in API data)
Industry Affiliates
| CALLODINE CAPITAL MANAGEMENT | Other investment adviser, including financial plannersCommodity pool operator or commodity trading advisor |
| CALLODINE CAPITAL PARTNERS, LP | Sponsor, GP, manager of pooled investment vehicles |
| CALLODINE COMMERCIAL PARTNERS, LLC | Sponsor, GP, manager of pooled investment vehicles |
| CALLODINE CREDIT MANAGEMENT | Other investment adviser, including financial planners |
| CALLODINE STRATEGIC CREDIT FUND II GP, LLC | Sponsor, GP, manager of pooled investment vehicles |
| EXETER TRUST COMPANY | Trust company |
| MANNING & NAPIER ADVISORS, LLC | Other investment adviser, including financial planners |
| MANNING & NAPIER INVESTOR SERVICES, INC. | Broker-dealer, municipal securities dealer, or gov securities broker or dealer |
| RAINIER INVESTMENT MANAGEMENT LLC | Other investment adviser, including financial planners |
| THORFARE LENDING FUND IV MANAGEMENT LLC | Sponsor, GP, manager of pooled investment vehicles |
| THOROFARE CAPITAL, INC. | Real estate broker or dealer |
| THOROFARE LENDING FUND V MANAGEMENT, LLC | Sponsor, GP, manager of pooled investment vehicles |
| THOROFARE, LLC | Other investment adviser, including financial planners |
Private Funds
| Name | Type | Assets $USD | Min Investment $USD | No. Owners |
|---|---|---|---|---|
| BLUEARC MEZZANINE PARTNERS I, LP | Private Equity Fund | $29.7M | $0.5M | 4 |
| CALLODINE STRATEGIC CREDIT FUND II, LP | Private Equity Fund | $47.0M | $0.5M | 7 |
Control Persons
| Name | Type | Entity | Title | Since | Ownership |
|---|---|---|---|---|---|
| Penberthy, Daniel, Patrick | Individual | – | CO-CHIEF EXECUTIVE OFFICER | 06/2023 | < 5% |
| Morrow, James, Stuart | Individual | CALLODINE GROUP, LLC | CO-OWNER | 10/2020 | > 75% |
| CALLODINE CREDIT, LLC | Domestic Entity | – | OWNER | 05/2021 | > 75% |
| CALLODINE GROUP, LLC | Domestic Entity | CALLODINE CREDIT, LLC | CO-OWNER | 05/2021 | > 75% |
| Margaret, Brechtel, W | Individual | – | CHIEF FINANCIAL OFFICER | 12/2021 | < 5% |
| CAMMARATA, KRISTEN, MARIE | Individual | – | CHIEF COMPLIANCE OFFICER | 06/2023 | < 5% |
| BARFIELD, OLIVER, SCOTT | Individual | – | CO-CHIEF EXECUTIVE OFFICER | 06/2023 | < 5% |