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McGinty Road Partners
McGinty Road Partners launched in 2016 with a four-partner team led by Jeff Leu, who previously served as President of CarVal Investors from 1993 to 2008...
McGinty Road Partners
McGinty Road Partners launched in 2016 with a four-partner team led by Jeff Leu, who previously served as President of CarVal Investors from 1993 to 2008 and grew its assets from less than $100 million to over $10 billion. Leu co-founded the firm alongside John Seibel and Dave Ellingrud, both CarVal alumni; Seibel had also built Allegiance Financial Group, an equipment-finance platform that funded over $500 million in transactions. The firm operates from Minnetonka, Minnesota, with no disclosed family-office wealth origin, positioning itself instead as an independent, partnership-led opportunistic credit manager. The firm deploys capital across three interlinked strategies: equipment finance, loan portfolios, and corporate credit. Equipment finance targets loans and leases on mission-critical commercial assets in frequently out-of-favor industries—transportation, construction, mining, marine, and heavy manufacturing. The loan-portfolio practice acquires credit-intensive, small-balance commercial and industrial loans from banks, finance companies, and insurers, while corporate credit focuses on tradable capital structures and private originations too small for mega-funds, including restructurings, bank debt, and non-traditional assets. The team cites over 25 years of combined experience in these niches but does not publish portfolio names or deal specifics. Leadership has expanded the senior bench without disclosing total AUM or aggregate deployment. Mark Mooers joined as Head of Capital Formation in November 2022, and Bruce Weintraub joined as a Managing Director focused on loan-portfolio sourcing in April 2022. COO Bret Eliason and Director of Operations Teri Salberg, both CarVal alumni, round out an operations group that suggests a lean, partnership-centric structure. No adjacent philanthropic or real-asset vehicles are publicly identified. McGinty Road’s structural distinction lies in its explicit mandate to operate at a scale below institutional mega-funds—chasing credits that are material to a right-sized pool of capital but invisible to the trillion-dollar platforms where its founders spent their early careers. The firm’s website literally frames its approach as 'a right-sized approach to capital,' making the constraint a deliberate sourcing advantage rather than a limitation.
General information
Firm type
Asset Manager
Year founded
2016
AUM
Undisclosed
Location
Region
North America
Country
United States
City
Minnetonka
Corporate office
601 Carlson Pkwy, Suite 750, Minnetonka, MN 55305, United States
Principals
Jeff Leu
Partner, President & CIO
Jim Musel
Partner
John Seibel
Partner
Dave Ellingrud
Partner
Sector focus
Frequently asked questions
Who runs investment decisions at McGinty Road Partners?
Jeff Leu, a Partner and Founder, serves as Chief Investment Officer and has overall portfolio-management responsibility. Three other named partners—Jim Musel, John Seibel, and Dave Ellingrud—lead the corporate-credit, equipment-finance, and loan-portfolio strategies respectively. The firm describes a collegial, partner-level structure built on over 100 years of combined experience working together, primarily at CarVal Investors.
What investment strategies does McGinty Road Partners pursue?
McGinty Road runs three strategies: equipment finance (loans and leases on commercial equipment in transportation, construction, mining, marine, and heavy manufacturing), loan portfolios (small-balance commercial and industrial loans from banks, finance companies, and insurers), and corporate credit (tradable capital structures and private originations including restructurings and non-traditional assets). The firm describes the three strategies as 'highly inter-related.'
How is McGinty Road Partners different from the large credit managers its founders came from?
The firm explicitly targets credits that are too small to be meaningful for mega-funds—what it calls a 'right-sized approach to capital.' Jeff Leu formerly ran CarVal Investors at $10 billion in assets; McGinty Road is designed to address segments underserved by traditional banks and large alternative managers, including restructurings, short-time-frame situations, and out-of-favor industries where capital is scarce.
Does McGinty Road Partners disclose its assets under management?
No. The firm does not publish an AUM figure on its website or in available public materials. It operates opportunistically across three credit strategies without specifying fund sizes, dry powder, or aggregate deployment.
What is the relationship between McGinty Road Partners and Allegiance Financial Group?
John Seibel, a Partner and Co-Founder of McGinty Road Partners, founded Allegiance Financial Group in 2001. AFG is an equipment-finance platform that has funded over $500 million in transactions. Jeff Leu joined AFG as Vice Chairman in 2010. The two entities have overlapping leadership, but McGinty Road operates as an independent credit manager rather than a division of AFG.
Where does McGinty Road Partners source its deal flow?
Deal flow varies by strategy. Equipment finance investments come through loan and lease originations, as well as purchases of discrete schedules and portfolios from banks and other originators. Loan-portfolio sourcing relies on a network of banking relationships; Bruce Weintraub, Managing Director for Business Development, focuses exclusively on commercial-loan-portfolio sourcing. Corporate credit deals are identified through public and private markets, including bank debt, corporate debt, claims, and re-org securities.
Is McGinty Road Partners a family office?
No. McGinty Road Partners is structured as an opportunistic private-credit manager founded by a four-partner team. It manages capital across multiple strategies for external investors, not a single-family balance sheet. No family-office wealth origin is disclosed.
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