Spell Capital Partners is based in Minnesota, and specializes in the management of private equity and mezzanine capital. The current President William Spell founded the company in 1988, and the company is one of the oldest private equity firms in the United States.Currently, the firm has a total of $600 million assets under management (AUM) and in 2016 had successfully completed over 130 acquisition transactions. Currently, Spell Capital is investing from Spell Capital Partners Fund V and Spell Capital Mezzanine Partners II.Spell Capital is split into two divisions, Spell Capital Private Equity and Spell Capital Mezzanine II. Private Equity focuses on acquiring controlling interests in industrial manufacturing companies, while Spell Capital Mezzanine provides subordinated debt and non-control equity to businesses in a variety of industries.