Brass Ring Capital is a private investment firm focused on addressing the equity and liquidity needs of small businesses in the Upper Midwest. Our team works in partnership with owners and managers to facilitate ownership transitions of profitable, niche companies generating revenues of $5 - $50 million.
Established by David J. Raffel and Steven D. Peterson, Brass Ring’s mission is to empower promising small businesses with the resources to achieve their potential. Our style is professional but comfortable – a reflection of our Midwestern roots. Our successful track record with 25 small businesses over a variety of industries and situations reflect the merits of Brass Ring’s approach.

We manage two investment partnerships, Renovaré Capital Partners and RCP Fund II. These committed capital limited partnerships (over which we have complete discretion) are funded by more than 60 successful small business owners, investment managers, and operating executives as well as ourselves.