Data / Investment advisers / New York / Rand Capital Management
Rand Capital Management, Buffalo, NY: $137 million AUM, SEC registered investment adviser
Rand Capital Management is an SEC registered investment adviser with its main office in Buffalo, New York and reports $137 million in regulatory assets under management in its Form ADV filed October 12, 2026. Its clients include pooled investment vehicles, business development companies and investment companies. It is paid through a percentage of assets under management and other fees. It advises 2 private funds.
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- Registration
- SEC registered investment adviser
- CRD number
- 304504
- SEC file number
- 801-116971
- SEC status
- Approved, effective July 17, 2019
- Legal name
- Rand Capital Management LLC
- Main office
- 14 Lafayette Square Suite 1405, Buffalo, NY 14203
- Phone
- (617) 880-7494
- Website
- randcapital.com
- Regulatory AUM
- $136,707,933 in the Form ADV filed October 12, 2026
- Discretionary AUM
- $136,707,933
- Accounts
- 4
- Employees
- 10, of which 6 give investment advice
- Form of organization
- Limited Liability Company
- Paid through
- a percentage of assets under management, other fees
- Private funds
- 2: 2 private equity funds
- Gross assets of private funds
- $73,759,661
- Other offices
- 2
- Form ADV Item 11 disclosures
- None reported
- Latest Form ADV filing
- October 12, 2026
- SEC record
- Investment Adviser Public Disclosure
Clients
Client types the adviser reports in Form ADV item 5.D, with the AUM it attributes to each.
| Client type | Clients | AUM |
|---|---|---|
| Pooled investment vehicles | 2 | $75.8 million |
| Business development companies | 1 | $53.2 million |
| Investment companies | 1 | $7.7 million |
AUM in the SEC's monthly files
Each change in the AUM the adviser reported across the monthly SEC files held here, with the first file that shows the new value.
| First in the file of | AUM | Form ADV filed |
|---|---|---|
| April 1, 2026 | $136.7 million | March 31, 2026 |
| December 1, 2025 | $154 million | September 16, 2025 |
Other advisers in Buffalo
| Adviser | City | AUM | Private funds | Source |
|---|---|---|---|---|
| Note Advisors, LLC | Buffalo | $437 million | Not listed | adviserinfo.sec.gov |
| Hudson Capital Advisory, Inc. | Buffalo | $327.7 million | Not listed | adviserinfo.sec.gov |
| Miller, Gesko & Company Inc. | Buffalo | $183.1 million | Not listed | adviserinfo.sec.gov |
| Collins Advisors, LLC | Buffalo | $176.4 million | Not listed | adviserinfo.sec.gov |
| North Woods Wealth Management | Buffalo | $150.4 million | Not listed | adviserinfo.sec.gov |
| Western New York Financial Group, LLC | Buffalo | $84.1 million | Not listed | adviserinfo.sec.gov |
| Capital Insights Group of Wny, LLC. | Buffalo | $58.6 million | Not listed | adviserinfo.sec.gov |
| SCP Management LLC | Buffalo | Not listed | 8 | adviserinfo.sec.gov |
Also on SpecStream
- Investment advisers in Buffalo, NY
- Investment advisers in New York
- Advisers with $100 million to $500 million in AUM
- Advisers serving pooled investment vehicles
- Advisers serving business development companies
- Advisers that manage private funds
- Rand Capital Management on the SEC's adviser search
Updated November 7, 2026. Read from the SEC's Form ADV data files for investment advisers. Public data published by the US Securities and Exchange Commission (US government work). Advisers report these values themselves in Form ADV, and neither the SEC nor the states approve or guarantee them. AUM is regulatory assets under management as the adviser reported it in Form ADV item 5.F, which can differ from the AUM a firm quotes elsewhere. Exempt reporting advisers do not report AUM. Office address, phone and website are the adviser's main office as filed; a firm that files its main office as a private residence shows no street address or phone. An Item 11 disclosure is a reported event, not a finding about the firm today. Details for each firm are on the SEC's Investment Adviser Public Disclosure site. This page uses SEC data and is not endorsed or certified by the SEC. Free to reuse with credit to SpecStream under CC BY 4.0. Spot a wrong value? Write to [email protected] with the link to this page.