About Us

AdCap Management believes that entrepreneurs are the fuel for economic growth and social value. We unlock quick access to alternative sources of capital to support the success of growth-stage businesses that are emboldened with energy, passion and viable ideas. Along with providing independent capital, our advisers draw from their own tenured business acumen and strong professional networks to help businesses make a lasting impact in the markets they serve.   

Our Team

Joel Adelman

Chief Executive Officer





Joel Adelman, President & CEO, AdCap Management

A third-generation entrepreneur, Joel Adelman was inspired at a young age to cultivate business from the ground up. His career is reflective of an enduring focus to drive growth in ways that build wealth, community and economic gain for those around him. 

Mr. Adelman founded Advance Partners in April 1998 to bring funding, technology and advisory services to thousands of underserved small businesses in the staffing market. In two decades, the company has grown to over 170 employees and lent over $15 billion in working capital, enabling small players in an ever-evolving industry to hire and process over 200,000 temporary positions each year.

This work has earned Mr. Adelman the prestigious title of 2013 Ernst & Young Entrepreneur of the Year. 

In 2015, Mr. Adelman sold Advance Partners to Paychex Inc. in a move that allowed the company to further expand without compromising its mission, structure and culture. After leading a successful transition as a senior executive, he recently stepped down to broaden his investments through his newest venture, AdCap Management. He will continue to serve Advance Partners as a consulting advisor.

In his role as the President & CEO of AdCap, Mr. Adelman will draw from his experience as an “entrepreneur serving entrepreneurs” to fund viable, established companies with operating circumstances that don’t meet the strict requirements of conventional lending. 

Mr. Adelman is the incoming chairman of the Family Office Principal Group (FOPG). He has also served as President of Young Presidents’ Organization (YPO) and has contributed to several boards and committees including the Cleveland Museum of Art, Hawken School and Rainbow Babies & Children’s Hospital.

Mike Turk

Chief Financial Officer



Ruth Hirsch

Executive Assistant

Phone 216-378-4100

Cell     216-978-6576


Contact Us

AdCap Management Inc.

Main (216) 378-4100

Fax   (216) 378-4101

30100 Chagrin Boulevard, Pepper Pike, OH, USA

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