McNally Capital

Overview

MCNALLY ADVISORS, LLC is organized as a limited liability company and is registered with the SEC as an investment adviser.² SEC registration was approved on August 12, 2011, with an Illinois notice filing effective the same day.¹ McNally Capital identifies its investment focus as founder led, family led, and management led businesses in the lower middle market.³

History

Ward McNally founded McNally Capital in 2008 as a Chicago based private equity firm.⁴ The firm says its buyout track record began in 2014 through deal by deal platform investments as an independent sponsor.⁴ McNally Capital Fund II launched in 2020 as a continuation of its flagship buyout strategy.⁴ The firm reports 32 completed transactions, with that statistic stated as of July 2026.³

Timeline

1. 2008Ward McNally founded McNally Capital in 2008 as a Chicago based private equity firm.
2. 2011SEC registration was approved on August 12, 2011, with an Illinois notice filing effective the same day.
3. 2014The firm says its buyout track record began in 2014 through deal by deal platform investments as an independent sponsor.
4. 2020McNally Capital Fund II launched in 2020 as a continuation of its flagship buyout strategy.
5. 2026The firm reports 32 completed transactions, with that statistic stated as of July 2026.

Leadership

Ward McNally is founder, co CEO, and managing partner.⁵ Lou Rassey is co CEO and managing partner.⁵ Ravi P. Shah is partner.⁵ Brian Grogan is chief financial officer and chief compliance officer.⁵ Nicole M. Henderson is head of fundraising and investor relations.⁵ Michael P. Ember, Brooks Hulett, and Gus Pinto are principals.⁵ Tyler Ashley is head of business development.⁵ Tim Gossett is vice president of portfolio operations.⁵ Zach Wood and Luther Rice are vice presidents.⁵ Mary Pizzo is vice president, fundraising and investor relations.⁵

Services

The adviser provides portfolio management for individuals, small businesses, and pooled vehicles.⁶ Its listed fee types include percentage of assets, fixed fee, and performance based arrangements.⁶ The firm’s Atlas process addresses governance, strategic planning, and operational improvements.³

What the firm offers

• Investment management
• Family governance and education

Client focus

McNally Capital focuses on founder led, family led, and management led lower middle market businesses.³ Directory filing data identifies 16 pooled vehicles as a client category.⁶ The firm identifies Aerospace and Defense and Industrial Technology and Services as sector areas.³

Investment philosophy and approach

The firm says it uses a thesis driven investment approach and a proprietary value creation process called Atlas.³ The firm states that its mission is to deploy capital, expertise, and connections in lower middle market businesses and talent.⁴ Its published values include bold impact, one team partnership, creative solutions, growth investment, and integrity.⁴

Assets and minimums

Directory filing data dated April 1, 2026 reports $680,921,960 in regulatory assets under management.⁶ The same filing data reports 21 employees and no other offices.⁶

By the numbers

FAQs

Related resources

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Sources

1. SEC IAPD firm summary , accessed October 23, 2026.
2. SEC Form ADV , accessed October 23, 2026.
3. McNally Capital homepage , accessed October 23, 2026.
4. McNally Capital Who We Are , accessed October 23, 2026.
5. McNally Capital Our Team , accessed October 23, 2026.
6. Directory filing data dated April 1, 2026.

Claim or correct this profile

This profile is a factual summary written in our own words from public sources. It is for information only. It is not an endorsement, rating, ranking or recommendation, and it is not investment advice. MultiFamilyOffices.com is not affiliated with the SEC or with this firm unless stated. Form ADV figures are self-reported by the firm.