Investment adviser · CRD 304504

RAND CAPITAL MANAGEMENT

Investment adviser filing (IA)

RAND CAPITAL MANAGEMENT LLC

BUFFALO, NY, United States · Form ADV filed Mar 31, 2026

Regulatory AUM
$137M
Form ADV · Item 5.F
Client accounts
4
Accounts, not individual clients
Employees
10
Reported in this filing
Advisory professionals
6
Investment advisory functions

Who they report serving

Form ADV · Item 5.D

Client types and their share of reported regulatory assets.

Client typeClientsRegulatory assetsShare of AUM
Pooled investment vehicles2$75,791,18455.4%
Business development companies1$53,195,31238.9%
Investment companies1$7,721,4375.6%
Filing source

Form ADV 2066159 · Mar 31, 2026 · Item 5.D

Official IAPD profile (latest public filing). Values are the most recently reported in our imported data; the public profile may show a newer filing.

Private funds & service providers

2 Private funds

The count excludes feeder funds. Funds in the latest filing appear first, ordered by reported gross assets. Earlier funds retain their last reported values.

CALLODINE STRATEGIC CREDIT FUND II, LPPrivate Equity Fund · Last reported Mar 31, 2026$53.7MGross asset value

Form D fundraising filings

Callodine Strategic Credit Fund II, LP

Fund administrator LICCAR FUND SERVICES CHICAGO, Illinois, United States Investor statements: No (provided to no investors) Related to adviser: No
Fund administrator LONE PEAK INVESTMENT SERVICES, LLC ATLANTA, Georgia, United States Investor statements: Yes (provided to all investors) Related to adviser: No
Auditor WITHUMSMITH+BROWN, PC PRINCETON, New Jersey, United States
Custodian CADENCE BANK, N.A. BIRMINGHAM, Alabama, United States Related to adviser: No
Provider details
Annual audit
Yes
Prime brokers
No
Custodians
Yes
Administrator other than the adviser
Yes
External marketing
No

WITHUMSMITH+BROWN, PC
PCAOB 100

Fund details & source
Fund ID
805-6383554592
Reported beneficial owners
4
Minimum commitment
$500K
Form D file number
021-485814

Form ADV 2066159 · Mar 31, 2026 · Schedule D 7.B.(1)

Official IAPD profile (latest public filing). Values are the most recently reported in our imported data; the public profile may show a newer filing.

BLUEARC MEZZANINE PARTNERS I, LPPrivate Equity Fund · Last reported Mar 31, 2026$20.1MGross asset value

Form D fundraising filings

BlueArc Mezzanine Partners I, L.P.

Fund administrator LONE PEAK INVESTMENT SERVICES, LLC ATLANTA, Georgia, United States Investor statements: No (provided to no investors) Related to adviser: No
Fund administrator SS&C TECHNOLOGIES WINDSOR, Connecticut, United States Investor statements: No (provided to no investors) Related to adviser: No
Auditor WITHUMSMITH+BROWN, PC PRINCETON, New Jersey, United States
Provider details
Annual audit
Yes
Prime brokers
No
Custodians
No
Administrator other than the adviser
Yes
External marketing
No

WITHUMSMITH+BROWN, PC
PCAOB 100

Fund details & source
Fund ID
805-3125392982
Reported beneficial owners
1
Minimum commitment
$500K
Form D file number
021-264627

Form ADV 2066159 · Mar 31, 2026 · Schedule D 7.B.(1)

Official IAPD profile (latest public filing). Values are the most recently reported in our imported data; the public profile may show a newer filing.

Services & filing details

Most recent filing: Mar 31, 2026. View historical filings

Reported services

Investment company portfolio management · Pooled investment vehicle management

Compensation

Percentage of assets

Principal office

14 LAFAYETTE SQUARE, SUITE 1405
BUFFALO, NY, 14203, United States

CRD 304504

Filing source

Form ADV 2066159 · Mar 31, 2026 · Items 1 & 5

Official IAPD profile (latest public filing). Values are the most recently reported in our imported data; the public profile may show a newer filing.