Private EquityRIA · CRD 162297SEC-RegisteredPrivate Fund Adviser

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RC Capital

RC Capital is an SEC-registered investment adviser in Cincinnati, Ohio, registered since 2021. The firm manages $682 million in regulatory assets.

RC Capital logo

RC Capital

RC Capital is an SEC-registered investment adviser in Cincinnati, Ohio, registered since 2021. The firm manages $682 million in regulatory assets. It has 18 employees and 15 investment advisers.

General information

Firm type

Private Equity

Year founded

1994

AUM

Undisclosed

Location

Region

North America

Country

United States

City

Cincinnati

Corporate office

Cincinnati, OH, United States

Principals

Daniel Fleming

Managing Partner

J. Carter McNabb

Managing Partner

Robert Heimann

Managing Partner

Rurik Vandevenne

Managing Partner

Sector focus

Healthcare ServicesMedical DevicesHealthcare IT

Frequently asked questions

How does RC Capital source proprietary deal flow in healthcare?

RC Capital sources deals through its network of portfolio company executives, operating advisors, and limited partners, reinforced by an annual Healthcare Operator Summit that gathered over 70 executives. The firm's three-segment focus — medical devices, healthcare services, and healthcare IT — lets it identify opportunities at the intersections where many sector-dedicated funds do not look.

Does RC Capital invest in early-stage or pre-revenue healthcare companies?

RC Capital targets lower middle market, growth-stage healthcare companies. Its active portfolio companies, including Standard Bariatrics and ModifyHealth, operate with commercial products and services. The firm does not publicly emphasize seed or pre-revenue investing.

What sectors does RC Capital explicitly avoid?

RC Capital focuses exclusively on three healthcare segments: medical devices, healthcare services, and healthcare IT. It does not invest in biotech, pharmaceuticals, or non-healthcare industries. The firm makes no mention of payer-side or health insurance investments in its public portfolio.

Is RC Capital a single family office or an institutional private equity firm?

RC Capital is a private equity firm, not a family office. It runs a blind-pool fund structure with limited partners, as evidenced by its annual meeting that includes LP dinners and its survey of compensation practices across portfolio companies, which are standard practices for institutional fund managers.

Who runs investment decisions at RC Capital?

The firm is run by a group of Managing Partners that includes Daniel Fleming, J. Carter McNabb, Robert Heimann, and Rurik Vandevenne. The website lists no separate Chief Investment Officer, suggesting the managing partners collectively make investment decisions.

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