MB  Piper Sandler Merchant Banking


     Office Locations:

800 Nicollet Mall
Minneapolis, MN 55402



  • Expansion
  • Middle Market



  • Business Services
  • Consumer Products & Services
  • Energy & Clean Tech
  • Financial Services
  • Information Technology
  • Life Sciences & Healthcare
  • Manufacturing & Industrial
  • Retail & Restaurant
  • Software & Internet



    Piper Sandler Merchant Banking (PSMB) is a part of the asset management business of Piper Sandler and operates as the private equity arm of the firm. PSMB is supported by Piper Sandler capital and that of distinguished non-affiliated limited partners. Piper Sandler Merchant Banking focuses on growth equity investments within the industry sectors covered by Piper Sandler equity research and investment banking experts: Healthcare, Technology, Business Services, Financial Technology & Services, Consumer, Energy, Chemicals & Materials. The firm is focused on investments in equity and equity-linked securities that finance company growth. Piper also invests in recapitalizations, secondary stock purchases and change of control transactions.

    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.
    Bob Rinek Managing Director
    John Gast Vice President
    Ted Christianson Managing Director
    Tom Schnettler Managing Director


    Recent Funding Events (trailing 12 months):







      Elligo Health Research



      Series E







    Portfolio companies include:

      Cafe Rio
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      Elligo Health Research
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      Sapphire Digital

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      Xenex Disinfection Services


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