Our Team


Allen F. “Pete” Grum, President and Chief Executive Officer

Mr. Grum has been employed with Rand Capital Corporation since 1995. Mr. Grum is a seasoned financial services executive with over 20 years of experience with financial services organizations. Mr. Grum oversees the Company’s investment activities and takes an active role in the investment process from deal sourcing to fund marketing. He earned his Master of Business Administration from Rochester Institute of Technology and his Bachelor of Arts in Economics from Eisenhower College.



Daniel P. Penberthy, Chief Financial Officer and Executive Vice President

Mr. Penberthy has been employed with Rand Capital Corporation since 1997. Mr. Penberthy is responsible for sourcing deals and administration of Rand’s investments and oversees the Corporation’s financial operations. He earned his Bachelor of Science from St. Bonaventure University and his Master of Business Administration from the State University of New York at Buffalo.



Margaret Whalen Brechtel, Vice President of Finance

Ms. Brechtel has been employed with Rand Capital Corporation since 2002. Ms. Brechtel is responsible for the Company's regulatory compliance and financial reporting. Ms. Brechtel has 20 years experience in the finance and accounting service industry. Prior to joining the Company, Ms. Brechtel was employed by Cellular One as the Operations and Finance Manager. Ms. Brechtel was also employed by KPMG LLP in the firm's audit practice. She earned her Bachelor of Science and her Master of Business Administration from the State University of New York at Buffalo and is a Certified Public Accountant in the State of New York. 

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10/20/2016 3:22pm