Claflin Capital Management

Claflin provides venture debt, growth capital loans, and equipment financing to established venture-backed companies. The firm structures loans against intellectual property and recurring revenue, targeting businesses that have institutional equity sponsors but cannot access traditional bank credit due to limited hard assets or profitability.

Claflin Capital Management operates as a partnership lending its own capital. It does not deploy committed funds raised from external limited partners, which allows the firm flexibility in credit decisions without the constraints of a fund's investment period or return targets.

Founder William Claflin and partners Peter Bell and John D'Aquila lead the firm's investment activity. The group operates a lean team from Boston, making credit decisions through a partnership committee rather than a large institutional credit apparatus.

Unlike bank venture-debt divisions that typically require warrant coverage and lend against recent equity rounds, Claflin lends its own capital and can structure terms around intellectual property, recurring revenue, or equipment — often providing debt when conventional banks will not, without the standardization pressure of a broader banking platform.

The firm continues to operate from Boston. It does not publish a current portfolio list or deployment pace. Public regulatory filings confirm active lending operations within the past decade, but the firm's current activity level is not disclosed.