Rand Capital is an externally-managed Business Development Company (BDC) with a wholly-owned subsidiary licensed by the U.S. Small Business Administration (SBA) as a Small Business Investment Company (SBIC). The Company’s investment objective is to maximize total return to its shareholders with current income and capital appreciation by focusing its debt and related equity investments in privately-held, lower middle market companies with committed and experienced managements in a broad variety of industries.
The Company’s investment activities are managed by its external investment adviser, Rand Capital Management LLC.
Our Small Business Investment Company (SBIC) was established in 2002. Since then, until December, 31 2018, we exited 30 investments and achieved a 2.9x cash multiple on our investments in those companies, achieving a 26% internal rate of return. In the past five years ending December 31, 2018, we exited 8 investments and achieved a 5.2x cash multiple on our investments in those companies, achieving a 66% internal rate of return.
Historical Investment Partners
Some of our historical investment partners include, but are not limited to:
Advantage Capital Partners
Ascent Venture Partners
Bain Capital Ventures
Bessemer Venture Partners
Cayuga Venture Fund
FA Technology Ventures
North Atlantic Capital
Pine Street Capital Partners
Richmond Capital Partners
Rochester Angel Network
Over 50 Year History of Building Businesses
Rand Capital was founded in 1969 with the intention of investing in and assisting entrepreneurs. To this day, we continue to hold true to our original mission.
Backed by Years of Experience
Having skin in the game (~ 62% insider ownership), coupled with years of venture capital experience is a powerful combination.
We are actively seeking investment opportunities. Together, we can continue to make Western and Upstate New York prosper.