Company Description
Rand Capital Corporation is a business development company specializing in subordinated debt with warrants or preferred equity and venture capital investments.
Within private equity, the firm specializing in capital growth and lower middle market investments. Within venture capital, it specializing in early to late-stage private businesses.
It does not prefer to invest in real estate sector. It prefers to invest in software, professional services, manufacturing, consumer, healthcare, automotive and public d stocks.
It prefers to invest in East or Midwest U.S. operations sectors. It typically invests between $0.75 million and $5 million with initial target size of $1.5 million.
It seeks to invest in companies having more than $2 million in revenue or having excess of $1.5 million and up to $5 million in EBITDA.
It prefers to be a minority stake and seeks to take a Board seat in its portfolio companies. It typically holds its investments for a period up to five years.
| Country | United States |
| Founded | 1969 |
| Industry | Asset Management |
| Sector | Financials |
| Employees | 4 |
| CEO | Daniel Penberthy |
Contact Details
Address: 14 Lafayette Square, Suite 1405 Buffalo, New York 14203 United States | |
| Phone | 617-880-7494 |
| Website | randcapital.com |
Stock Details
| Ticker Symbol | RAND |
| Exchange | NASDAQ |
| Fiscal Year | January - December |
| Reporting Currency | USD |
| CIK Code | 0000081955 |
| CUSIP Number | 752185207 |
| ISIN Number | US7521852076 |
| Employer ID | 16-0961359 |
Key Executives
| Name | Position |
|---|---|
| Daniel Patrick Penberthy | President and Chief Executive Officer |
| Margaret Whalen Brechtel CPA | Executive Vice President, Treasurer, Chief Financial Officer and Secretary |
| Deborah Kay Pawlowski | Investor Relations |
| Heather Eastgate | Chief Compliance Officer |
Latest SEC Filings
| Date | Type | Title |
|---|---|---|
| Nov 6, 2024 | 10-Q | Quarterly Report |
| Sep 20, 2024 | 40-17F2 | Filing |
| Aug 6, 2024 | 40-17G | Filing |
| Aug 6, 2024 | 10-Q | Quarterly Report |
| Aug 6, 2024 | 8-K | Current Report |
| May 13, 2024 | 8-K | Current Report |
| May 13, 2024 | 10-Q | Quarterly Report |
| May 8, 2024 | 8-K | Current Report |
| Apr 1, 2024 | ARS | Filing |
| Apr 1, 2024 | DEF 14A | Other definitive proxy statements |