Fundraising Fox

Rand Capital

Institutional investor

Buffalo · Growth–Late Stage · 3 people tracked

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Investment thesis

Rand Capital's foundational mission centers on investing in and assisting entrepreneurs to build businesses. Over its 50+ year history, the firm has operated as a publicly-traded Business Development Company since 2001, deploying capital through equity investments and providing operational support to portfolio companies. The firm generates returns through strategic exits and pays regular dividends to shareholders from net investment income and capital gains.

Invests inSector Agnostic

Source: firm website, verified Jul 25, 2026.

Stage
Growth–Late Stage
HQ
Buffalo, US
Instruments
Equity
Founded
1969
Tracked investments
4

Team · 3 people

from the firm's website
Daniel P. Penberthy· President and Chief Executive Officer

Appointed President and Chief Executive Officer in December 2021 after serving as Treasurer and Chief Financial Officer since 1997. Oversees investment activities and participates in deal sourcing and fund marketing. Previously held CFO roles at the Greater Buffalo Partnership and Greater Buffalo Convention and Visitors Bureau, and worked at the Greater Buffalo Development Foundation and KPMG.

Margaret W. Brechtel· Executive Vice President, Treasurer, Chief Financial Officer and Secretary

Appointed to her current role in December 2021 after serving as Vice President of Finance since 2002. Manages all financial operations, regulatory compliance, and financial reporting. Previously held operations and financial positions at Cellular One, Comptek Research, Union Carbide, and KPMG.

Brendan Fox· Controller, Rand Capital Management, LLC

Serves as Controller for Rand Capital Management, LLC and is responsible for financial reporting and consolidated financial statements. Manages budgeting, cash management, tax planning, and regulatory reporting. Previously worked as a Senior Accountant in tax and audit at Brock, Schechter & Polakoff LLP.

Investments · 4 tracked

founders shown can be your intro path
Caitec
Carolina Skiff
FSS
MRES

Frequently asked questions

What stage does Rand Capital invest at?
Rand Capital invests at the Growth, Late Stage stages.
What sectors does Rand Capital focus on?
Rand Capital focuses on Sector Agnostic.
Where is Rand Capital located?
Rand Capital is headquartered in Buffalo, US.

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