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Private equityFirmventure with pe activity · probablelower middle market

Thornapple River Capital

Private Equity

Grand Rapids, MI

Building and investing in early-stage companies driving tomorrow: Thornapple River Capital is a closely held investment partnership that invests in and supports teams across healthcare, biotech, medical devices, AIML, deeptech, alt. transport, and more

This is the graph view. The full profile, with its team, deals and sources, is on Private Equity.Open the full profile →

Search this name across graphsid dfx:pe:7aeccfe0-68e5-4228-a8a1-54c9a4ac36b9

Data as of Sep 17, 2026 (this record's last observation) from federal regulator filings, firm and issuer disclosures. Page built Sep 19, 2026, 3:49 PM UTC and rebuilt at most every 15 minutes.

Relationships: 46
Dated events: 16
On other graphs: 4
Observed: Sep 13, 2026 to Sep 17, 2026
29 observations

Across DFX

same identity by shared identifier, citation, or a bridge measured by hand

Venture Capitalidentity

Thornapple River Capital

Venture manager · shared crd

Independent Sponsorsidentity

Thornapple River Capital

Capital provider to sponsors · shared crd

RIA / Wealth Managementidentity

THORNAPPLE RIVER CAPITAL

Registered adviser · shared crd

Real Estate Fundsidentity

Thornapple River Capital

Real estate fund manager · shared crd

Facts

fact = as filed or announced; derived = computed by DFX; estimate = a band, never a point

Funds: 10
PE funds: 10
Vintages: 2018 to 2024
PE GAV, 2024 filing: $74.7Mgross asset value on Form ADV; never dry powder
Investments: 25
Active investments: 1
Size band: LOWER MIDDLE MARKETderivedproxy: $0.07bn Private Equity Fund GAV on the Form ADV filed 2024-02-21
Stated sectors: healthcare,life_sciences
Latest ADV filing: Feb 21, 2024
Website: thornapplecap.com

Funds

Fund	Vintage	Lifecycle	ADV type	Form D sold	GAV
Steele Oz Preferred LLC	2024	Unknown	Private Equity Fund	n/a	$11.0M
Kantstraat LLC	2021	Unknown	Private Equity Fund	n/a	$5.0M
TRC Rex Fund LLC	2020	Mature	Private Equity Fund	n/a	$5.0M
Steele Partners LLC	2020	Mature	Private Equity Fund	n/a	$35.0M
TRC Great Lakes LLC	2020	Mature	Private Equity Fund	n/a	$9.5M
TRC Income Fund II	2018	Mature	Private Equity Fund	n/a	$9.2M
Mi-Cw Holdings Nv Fund 2 LLC	n/a	Wound down	Private Equity Fund	n/a	$6.0M
Thornapple River Capital Financial Services Industry Fund LLC	n/a	Wound down	Private Equity Fund	n/a	$2.7M
TRC Income Fund I LLC	n/a	Unknown	Private Equity Fund	n/a	$5.5M
Mi-Cw Holdings LLC (fka Appleseed Ventures Growth Opportunity Fund LLC)	n/a	Wound down	Private Equity Fund	n/a	$4.4M

Investments

Company	State	Role	Control	Invested	Exited	Status
Hard Tech	n/a	unknown	unknown	n/a	n/a	active
Agriculture	n/a	unknown	unknown	n/a	n/a	unknown
AltaThera	n/a	unknown	unknown	n/a	n/a	unknown
Alzheon	n/a	unknown	unknown	n/a	n/a	unknown
Anuncia	n/a	unknown	unknown	n/a	n/a	unknown
Arthromeda	n/a	unknown	unknown	n/a	n/a	unknown
Blinker	n/a	unknown	unknown	n/a	n/a	unknown
Buddy Pegs	n/a	unknown	unknown	n/a	n/a	unknown
CardioMech	n/a	unknown	unknown	n/a	n/a	unknown
Enalare	n/a	unknown	unknown	n/a	n/a	unknown
Endless West	n/a	unknown	unknown	n/a	n/a	unknown
Hinge Bio	n/a	unknown	unknown	n/a	n/a	unknown
LaFleur	n/a	unknown	unknown	n/a	n/a	unknown
Livly	n/a	unknown	unknown	n/a	n/a	unknown
Medella Springs	n/a	unknown	unknown	n/a	n/a	unknown
Medical Brain	n/a	unknown	unknown	n/a	n/a	unknown
Morae	n/a	unknown	unknown	n/a	n/a	unknown
Neumentum	n/a	unknown	unknown	n/a	n/a	unknown
Noble	n/a	unknown	unknown	n/a	n/a	unknown
ONDO Systems	n/a	unknown	unknown	n/a	n/a	unknown
Reliefband	n/a	unknown	unknown	n/a	n/a	unknown
Scioto	n/a	unknown	unknown	n/a	n/a	unknown
Shasqi	n/a	unknown	unknown	n/a	n/a	unknown
SkinCure	n/a	unknown	unknown	n/a	n/a	unknown
Thplasma	n/a	unknown	unknown	n/a	n/a	unknown

Relationships

Invested in (25)

→ Hard TechCompanyunknown
factDFX's own graph, The subject's own site
→ AlzheonCompanyunknown
factThe subject's own site
→ LaFleurCompanyunknown
factThe subject's own site
→ LivlyCompanyunknown
factThe subject's own site
→ Medella SpringsCompanyunknown
factThe subject's own site
→ Medical BrainCompanyunknown
factThe subject's own site
→ MoraeCompanyunknown
factThe subject's own site
→ NeumentumCompanyunknown
factThe subject's own site
→ NobleCompanyunknown
factThe subject's own site
→ ONDO SystemsCompanyunknown
factThe subject's own site
→ ReliefbandCompanyunknown
factThe subject's own site
→ SciotoCompanyunknown
factThe subject's own site
→ ShasqiCompanyunknown
factThe subject's own site
→ SkinCureCompanyunknown
factThe subject's own site
→ ThplasmaCompanyunknown
factThe subject's own site
→ AgricultureCompanyunknown
factThe subject's own site
→ AltaTheraCompanyunknown
factThe subject's own site
→ AnunciaCompanyunknown
factThe subject's own site
→ ArthromedaCompanyunknown
factThe subject's own site
→ BlinkerCompanyunknown
factThe subject's own site
→ Buddy PegsCompanyunknown
factThe subject's own site
→ CardioMechCompanyunknown
factThe subject's own site
→ EnalareCompanyunknown
factThe subject's own site
→ Endless WestCompanyunknown
factThe subject's own site
→ Hinge BioCompanyunknown
factThe subject's own site

Employs (6)

→ Rittik Rao, CFAPersonVICE PRESIDENT
factThe subject's own site
→ Sarah FuentesPersonEXECUTIVE ADMIN
factThe subject's own site
→ Brandon Joel KanitzPersonTrustee
Feb 1, 2020 to presentfactForm ADV, The subject's own site
→ Genesis Quezon GuangaPersonManager
Mar 1, 2017 to presentfactForm ADV, The subject's own site
→ Leah GuangaPersonCHIEF OPERATING OFFICER (COO)
factThe subject's own site
→ Edgar Dalzell JannottaPersonTrustee
Jul 1, 1993 to presentfactForm ADV

Manages (10)

→ Thornapple River Capital Financial Services Industry Fund LLCFundHedge Fund
Apr 11, 2018 to presentfactForm ADV
→ Mi-Cw Holdings LLC (fka Appleseed Ventures Growth Opportunity Fund LLC)FundPrivate Equity Fund
Apr 11, 2018 to presentfactForm ADV
→ Mi-Cw Holdings Nv Fund 2 LLCFundPrivate Equity Fund
Apr 11, 2018 to presentfactForm ADV
→ TRC Income Fund I LLCFundPrivate Equity Fund
Apr 11, 2018 to presentfactForm ADV
→ TRC Income Fund IIFundPrivate Equity Fund
Sep 7, 2018 to presentfactForm ADV
→ Steele Partners LLCFundPrivate Equity Fund
Jan 31, 2020 to presentfactForm ADV
→ TRC Rex Fund LLCFundPrivate Equity Fund
Jan 31, 2020 to presentfactForm ADV
→ TRC Great Lakes LLCFundPrivate Equity Fund
Jan 31, 2020 to presentfactForm ADV
→ Kantstraat LLCFundOther Private Fund
Mar 1, 2021 to presentfactForm ADV
→ Steele Oz Preferred LLCFundPrivate Equity Fund
Feb 21, 2024 to presentfactForm ADV

Owns (2)

← Edgar D. Jannotta, Jr. Revocable Living TrustFirmMember
Jan 1, 2017 to presentfactForm ADV
← Brandon J. Kanitz TrustFirmMember
Feb 1, 2020 to presentfactForm ADV

Dated events

14 bookkeeping events (roster, classification and holdings changes) folded below

Occurred
Apr 11, 2018
Adviser first adv filing
Thornapple River Capital first filed Form ADV in the extract (IA)
Form ADVobserved 5 days ago
Occurred
Jul 1, 1993
Person joined
Edgar Dalzell Jannotta joined Schedule A of Thornapple River Capital as Trustee
Form ADVobserved 5 days ago

Show 14 bookkeeping events

Occurred
Mar 27, 2026
Thornapple River Capital: Private Equity Funds on Form ADV 6 (2024 extract) -> 3 (roster 2026-09-01)
Occurred
Feb 21, 2024
Steele Oz Preferred LLC first reported on Form ADV by Thornapple River Capital (Private Equity Fund), GAV $11,031,958
Occurred
Mar 1, 2021
Fund 805-1239715247 no longer reported on Form ADV by Thornapple River Capital
Occurred
Mar 1, 2021
Fund 805-3740372690 no longer reported on Form ADV by Thornapple River Capital
Occurred
Mar 1, 2021
Fund 805-5312545944 no longer reported on Form ADV by Thornapple River Capital
Occurred
Mar 1, 2021
Kantstraat LLC first reported on Form ADV by Thornapple River Capital (Other Private Fund), GAV $5,000,000
Occurred
Jan 31, 2020
Steele Partners LLC first reported on Form ADV by Thornapple River Capital (Private Equity Fund), GAV $29,300,000
Occurred
Jan 31, 2020
TRC Rex Fund LLC first reported on Form ADV by Thornapple River Capital (Private Equity Fund), GAV $5,000,000
Occurred
Jan 31, 2020
TRC Great Lakes LLC first reported on Form ADV by Thornapple River Capital (Private Equity Fund), GAV $5,700,000
Occurred
Sep 7, 2018
TRC Income Fund II first reported on Form ADV by Thornapple River Capital (Private Equity Fund), GAV $5,000,000
Occurred
Apr 11, 2018
Thornapple River Capital Financial Services Industry Fund LLC first reported on Form ADV by Thornapple River Capital (Hedge Fund), GAV $1,500,000
Occurred
Apr 11, 2018
Mi-Cw Holdings LLC (fka Appleseed Ventures Growth Opportunity Fund LLC) first reported on Form ADV by Thornapple River Capital (Private Equity Fund), GAV $5,775,000
Occurred
Apr 11, 2018
Mi-Cw Holdings Nv Fund 2 LLC first reported on Form ADV by Thornapple River Capital (Private Equity Fund), GAV $5,555,000
Occurred
Apr 11, 2018
TRC Income Fund I LLC first reported on Form ADV by Thornapple River Capital (Private Equity Fund), GAV $6,100,000

Who to call

the organisation, the role and the published line, with the filing or website that published it; revealed to signed-in accounts

The firm's published line

Revealable: 1 business phone (Form ADV), 1 office address (Form ADV), 1 website (Form ADV) · as of 2026-09-13

Rittik Rao, CFA
VICE PRESIDENT · Revealable: 1 professional profile (firm website), 1 work email (firm website)
Sarah Fuentes
EXECUTIVE ADMIN · Revealable: 1 professional profile (firm website), 1 work email (firm website)
Brandon Joel Kanitz
Trustee · Revealable: 1 professional profile (firm website), 1 work email (firm website)
Genesis Quezon Guanga
Manager · Revealable: 1 professional profile (firm website), 1 work email (firm website)
Leah Guanga
CHIEF OPERATING OFFICER (COO) · Revealable: 1 professional profile (firm website)

Also named here, with no published line of their own (reach them through the firm): Edgar Dalzell Jannotta (Trustee).

Who to call is the organisation, the person's role and the line they published themselves: a business phone, office address, website or profile link from Form ADV, Form 13F or their own website, with that source named on every value. The counts above are what a reveal returns; a personal email is rarely published, so most reveals are the firm's line. Never data bought from a provider, never anything personal. Reveals by plan

Provenance

Graph: Private Equity
Canonical id: dfx:pe:7aeccfe0-68e5-4228-a8a1-54c9a4ac36b9
First observed: Sep 13, 2026
Last observed: Sep 17, 2026 2 days ago
Source families: Federal regulator filings, Firm and issuer disclosures
3 registered feeds stand behind this record; each fact above carries its own dates and, where the publisher serves one, its document.
Resolution: Identity across graphs by shared identifier (CRD, CIK, EIN, ADV fund id, individual CRD) or citation; a name match is shown as a candidate and never merged.

Thornapple River Capital

Private Equity

Grand Rapids, MI

This is the graph view. The full profile, with its team, deals and sources, is on Private Equity.Open the full profile →

Search this name across graphsid dfx:pe:7aeccfe0-68e5-4228-a8a1-54c9a4ac36b9

Data as of Sep 17, 2026 (this record's last observation) from federal regulator filings, firm and issuer disclosures. Page built Sep 19, 2026, 3:49 PM UTC and rebuilt at most every 15 minutes.