Rand Capital Management LLC
● SEC registered since 2019CRD 304504SEC# 801-116971Buffalo, NY
Ranks #5,534 of 6,004 private fund managers by regulatory AUM.
Reg. AUM
$136.7M
Fund GAV
$73.8M
Private funds
2
Employees
10
Accounts
4
Location
Buffalo, NY
Rand Capital Management LLC assets under management
Rand Capital Management LLC is an SEC-registered investment adviser based in Buffalo, NY. The firm has been registered since 2019. It reports $136.7 million in regulatory assets under management and employs 10 people. Rand Capital Management LLC manages 2 private funds with combined gross assets of $73.8 million, including Callodine Strategic Credit Fund II, LP. By regulatory assets, it ranks 5,534 of 6,004 private fund managers.
Rand Capital Management LLC private funds
2 funds · $73.8M GAV| Fund | Type | Gross assets | Min. |
|---|---|---|---|
| Callodine Strategic Credit Fund II, LP | Private Equity | $53.7M | $500K |
| Bluearc Mezzanine Partners I, LP | Private Equity | $20.1M | $500K |
Rand Capital Management LLC owners & executives
7 reported| Name | Title | Ownership | Since |
|---|---|---|---|
| Brechtel Whalen Margaret Control | Chief Financial Officer | Under 5% | 2021 |
| Callodine Credit, LLC Control | Owner | Over 75% | 2021 |
| Daniel Patrick Penberthy Control | Co-Chief Executive Officer | Under 5% | 2023 |
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Join to unlock · $37/moFrequently asked questions
How much does Rand Capital Management LLC manage?
Rand Capital Management LLC reports $136.7 million in regulatory assets under management on its Form ADV.
How many private funds does Rand Capital Management LLC manage?
Rand Capital Management LLC manages 2 private funds with combined gross assets of $73.8 million.
How many employees does Rand Capital Management LLC have?
Rand Capital Management LLC reports 10 employees.
Where is Rand Capital Management LLC located?
Rand Capital Management LLC is based in Buffalo, NY and has been SEC-registered since 2019.
Does Rand Capital Management LLC disclose fund performance?
Rand Capital Management LLC is not required to publicly disclose fund returns. Form ADV filings include assets, ownership, and service providers, shown above.
Contact & registration
| Address | 14 Lafayette Square, Suite 1405, Buffalo, NY 14203 |
| Phone | 617-880-7494 |
| Office hours | 9:00 a.m. To 5:00 p.m. |
| SEC region | New York Regional Office (NYRO) |
| Discloses disciplinary history | No |
Regulatory AUM
$136.7M▼ 11%
Mar '25Form ADV, monthlyJun '26
How this firm compares
Regulatory AUMTop 86%
Larger than 14% of 16,271 advisers
AUM vs fund managersTop 92%
Larger than 8% of 6,004 private-fund managers
Number of fundsTop 63%
More funds than 37% of fund managers
EmployeesTop 40%
More than 60% of 16,825 advisers
Assets under management
$136.7Mregulatory AUM
Discretionary $136.7M
Service providers
Auditor
Custodian
Administrator