PE/VC  Massachusetts Capital Resource Company

     Office Locations:

420 Boylston Street, 5th Floor
Boston, MA 02116
Phone: 617-536-3900
Fax: 617-536-7930



  • Expansion
  • Growth
  • Middle Market



  • Consumer Products & Services
  • Information Technology
  • Life Sciences & Healthcare
  • Manufacturing & Industrial
  • Software & Internet



    Massachusetts Capital Resource Company invests in established emerging growth and middle market companies in Massachusetts. MCRC was formed in 1977 by the Massachusetts-based life insurance industry in response to a study of the region's economy produced for the Massachusetts Task Force for Economic Development. MCRC specializes in Massachusetts-based companies, and since its founding, has invested more than $640 million in 300 companies. MCRC provides mezzanine capital and long term debt to Massachusetts-based manufacturing, distribution, service and technology companies. Most portfolio companies report sales in the $3 million to $100 million range and are profitable at the time of initial investment. Roughly 80% of MCRC's investments are in the form of subordinated debt, but the firm can also invest in senior debt and preferred stock. The company welcomes proposals from technology and non-technology companies seeking $750,000 to $5 million in capital to fund a growth plan, strengthen the balance sheet, support an acquisition or complete a recapitalization. Investments range from $1 million to $5 million.

    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.
    Ben Bailey Vice President
    Dan Corcoran Vice President
    Joan Creamer McArdle Senior Vice President
    Paul Bolger President
    Suzanne L. Dwyer Vice President


    Portfolio companies include:

      Advanced Practice Strategies
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      BigBelly Solar
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      Blue Fang Games
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      CRi Biomedical
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      Curaspan Health Group
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      Graphique de France
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      Harmonix Music Systems
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      Hazen Paper
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      NWN Corporation
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      One to One Interactive
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      Polar Beverages
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      Quadrant Software
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      Seaman Paper
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      Source Code
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      United Medical Systems
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      WTE Corporation
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