Meet Our Team

Joel Adelman

Joel Adelman AdCap Management CEO

Chief Executive Officer

Phone 216-378-4131

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 under served 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. 

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 YPO Family Office Principal Group (FOPG). He has also served as President of Young Presidents’ Organization (YPO) and has served on several boards and committees including University Hospitals Case Medical Center, Cleveland Museum of Art, Hawken School, Rainbow Babies & Children’s Hospital and Park Synagogue.  


Chaya Slain

Chaya Slain Chief Investment Officer

Chief Investment Officer

Phone  216-378-4100


Chaya Slain, CFA, CAIA, joined AdCap Management in 2019 as Chief Investment Officer. With more than a decade of investment experience, including a wide variety of alternative investment strategies, she brings strong expertise, independent thinking and entrepreneurial spirit to our firm.

Prior to AdCap, Chaya spent more than a decade at Parkwood, a premier investment office for the Mandel family and Mandel Foundation. While at Parkwood, she cultivated an extensive network of relationships with private equity, hedge funds and real estate managers. She also developed creative ways to reduce fees and structure unique arrangements with managers and other investors. 

Chaya spent the first five years of her career in the investment banking division of Goldman Sachs. She attended Columbia University where she received a mathematics degree, which she credits for helping her develop a highly analytical, multi-dimensional approach to investments.

 Throughout her career, Chaya has received a number of accolades, including CIO Magazine’s 40 under 40 in 2014 and NextGen in 2018. She’s actively involved in her community and sits on the board of directors for a number of nonprofit organizations. 


Michael Turk


Chief Financial Officer


Michael has worked with the Adelman family for over 40 years. 

He was  Co-Founder and CFO of Advance Partners before its sale to Paychex in 2015.

He also served as CFO for Blue Coral, Inc. in which he served to facilitate the company’s ultimate sale to Quaker State. 

Michael is a CPA and a member of the Ohio Society of Certified Public Accountants. 

Michael is a graduate of The Cleveland State University. 

His vast knowledge and experience brings great insight to an ever changing landscape.