MB/FI  McNally Capital


     Office Locations:

190 South LaSalle St, Suite 3250
Chicago, IL 60603
Phone: 312-357-3710



  • Expansion
  • Late
  • Middle Market



  • Business Services
  • Defense & Homeland Security
  • Energy & Clean Tech
  • Food & Agriculture
  • Manufacturing & Industrial



    McNally Capital was formed by the McNally family, who owned and operated Rand McNally & Company. The firm contains a global network of over 800 families from 35 states and 34 countries that will invest anywhere from $1 million to $500 million. McNally specializes in direct and fund of fund investments. Within direct, it specializes in buyouts, mezzanine, and middle market investments. The firm will typically invest $15 - $30 million in differentiated U.S.-based companies with between $5 million and $15 million of EBITDA, with the ability to pursue larger transactions alongside their family office co-investors. Industries of interest include aerospace and defense, business services, staffing, agriculture, food and beverage, water, energy, industrial, and manufacturing. McNally's merchant banking efforts span three core service offerings: McNally Gateway (capital markets access), McNally M&A (M&A buy-side advisory) and McNally Roadmap (strategic advisory). Focus is primarily on companies with over $100 million of revenue.



      Fund Name



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    Investment Firm Key

       VC = Venture Capital
       PE = Private Equity
       A = Angel
       I = Incubator
       MB = Merchant Bank
       VD = Venture Debt
       FI = Family Investment Office
       FOF = Fund of Funds
       ED = Economic Development Office   
       TT = Technology Transfer Office
       CVC = Corporate Venture Capital
       SEC = Secondary Purchaser
       HF = Hedge Fund/Mutual Fund
    Venture Capital
    Seed Stage
    (includes "pre-seed," or
    concept stage)
    No Revenue
    Early StageMinimal
    Growth Stage
    (also called Mid-stage)
    Expansion Stage
    (also called Late-stage)
    $7M and greater
    Private Equity
    Lower Middle Market$10M-$249M
    Middle Market$250M-$499M
    Upper Middle Market$500M-$1B
    Large Cap>$1B

    Investment Team:

    Name   Title
    Get the complete investment team + individual email addresses for investment team partners. Get personal images, LinkedIn links, investment specialties, office locations and more with a National Database subscription.
    Adam Lerner Partner
    Beth Rahn Vice President and Head of Family Capital
    Catherine Lien Vice President
    Frank A. McGrew Managing Partner
    Josh Brown Vice President


    Recent Funding Events (trailing 12 months):







      Federal Data Systems





    Portfolio companies include:

      Federal Data Systems
        web link

      Genesys Aerosystems
        web link

      Project Frog
        web link


    Recent News: