Capital United, LLC — Registered Investment Advisor Institutional Access. Tax-Optimized Returns.

A Puerto Rico-based RIA delivering tax-advantaged private equity and venture capital strategies for accredited investors worldwide.

2
Active Fund Strategies
$2B+
Partner Track Record
3
Registered Advisors
About Capital United

Bridging Private Markets & Puerto Rico's Tax Architecture

Capital United, LLC is a SEC-registered investment advisor headquartered in Puerto Rico, structured to deliver institutional-grade private equity and venture capital exposure through tax-optimized fund vehicles.

Our platform serves both Puerto Rico residents and U.S. mainland accredited investors, providing unified access through a carefully designed series fund and feeder structure.

Act 60 Optimized

Full compliance with Puerto Rico's Investor Tax Incentive Act

Series Structure

Segregated assets protecting investor capital across deals

Dual Access

PR residents and U.S. mainland investors through parallel vehicles

Registered Advisors

All senior partners are Registered Investment Advisors

Capital United, LLC

Investment Manager • Delaware Entity

CapU PE Series Fund GP, LLC

General Partner • PR Entity

CapU PE Series Fund LLC

Main Series Fund • PR Entity

PR Resident Investors

Direct Series participation

U.S. Mainland Investors

Via Feeder + C-Blocker

Investment Strategies

Two Distinct Paths to Private Market Alpha

Institutional-caliber fund strategies combining Puerto Rico's tax advantages with world-class deal access.

Tax-Advantaged Private Equity

CapU PE Series Fund

A Puerto Rico series fund delivering enhanced after-tax returns through Act 60 optimization.

Minimum Commitment $250,000
Fund Term 5 Years
Management Fee 2% / 1%
PR Allocation 60% Minimum
U.S. Mainland / Global Up to 40%
Late-Stage Pre-IPO Venture

Cap-U Fuel Innovation 100

Diversified exposure to ~100 pre-IPO technology companies through employee option exercise financing.

Target Portfolio ~100 Companies
Liquidity Horizon 3–5 Years
Strategy Employee Financing
Partner Fuel Venture Capital
Partner AUM ~$550M
i

For Accredited Investors Only. The information presented on this website does not constitute an offer to sell or a solicitation of an offer to buy any securities. Any such offer will be made only through a definitive offering memorandum and subscription documents. Past performance is not indicative of future results. Investment involves substantial risk including potential loss of principal.

Puerto Rico Tax Architecture

Enhanced Returns Through Structural Tax Optimization

CapU PE Series Fund leverages Puerto Rico's Act 60 tax incentives to deliver materially higher after-tax returns compared to traditional mainland PE structures.

%

60% Upfront Tax Deduction

PR investors receive substantial upfront deductions on qualifying capital, offsetting the standard 33% marginal rate.

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100% Tax-Exempt Investment Income

Interest, dividends, and capital gains generated within qualifying structures are fully exempt for PR residents.

U.S. Mainland Catch-Up

C-Corp blocker converts returns to simpler dividend income, lowering the effective blended rate to approximately 37%.

60/40 Investment Rule

60% invested in PR qualifying businesses, up to 40% in U.S. mainland and global opportunities for diversification.

Modeled After-Tax Performance*
$1MM Investment • 5-Year Term

Puerto Rico Investor

+650
BPS IRR Uplift vs. Non-PR PE
3.15x
After-Tax MOIC

U.S. Mainland Investor

+700
BPS IRR Uplift vs. Non-PR PE
1.90x
After-Tax MOIC

*HYPOTHETICAL MODELED PERFORMANCE. Based on illustrative assumptions including a Base Gross CAGR of 36%, standard 2%/1% management fee structure, 1.5% structure fee, and $25K startup fee over a 5-year holding period. Tax modeling assumes current Act 60 incentive rates and applicable federal/PR tax brackets. These projections do not account for changes in tax law, early redemptions, or portfolio concentration risk. Actual results may differ materially based on market conditions, portfolio company performance, exit timing, regulatory changes, and other factors. This is NOT a forecast, guarantee, or prediction of results. See offering memorandum for complete methodology, assumptions, and risk factors.

Leadership

CapUnited Senior Partners

Extensive experience in investment management, finance, real estate, and cross-border capital markets.

SF

Scott Fuller

Founder & Board Member — Registered Investment Advisor

CEO and Partner of EB5 United and Capital United. 30+ year track record in real estate development, complex finance, and global investor relations. BA in Finance & Real Estate, University of Oregon.

BS

Bradford "Brad" Stedem

Founder & Board Member — Registered Investment Advisor

President and Partner of EB5 United and Capital United. Previously consultant to BlackRock and executive at Pali Group. BA Boston College, MBA UCLA Anderson.

AC

Andy Childs

Investment Executive & CFO — Registered Investment Advisor

Ten years in private equity and cross-border finance. Former CFO of Soho House North America. CFO of Conduit Transition SPAC ($150M). BA in Business Economics.

Fuel Venture Capital — Innovation 100 Partner Team

JR

Jeff Ransdell

Founding Partner & Managing Director
SC

Selene Casabal

Managing Partner & Chief Venture Officer
MV

Maggie Vo, CFA

Managing Partner & Chief Investment Officer
Get in Touch

Investor Inquiries

Interested in learning more about our investment strategies? Complete the form and a member of our team will be in touch.

Email

info@capunited.com

Phone

Contact us for direct line

Headquarters

San Juan, Puerto Rico

Accredited Investors Only. By submitting this form you confirm that you are an accredited investor as defined under SEC Regulation D, Rule 501. This inquiry does not constitute an investment commitment.

Request Information

By submitting, you agree to our Privacy Policy. Capital United, LLC will use this information solely to respond to your inquiry. We do not sell or share personal information with third parties.

Important Disclosures & Legal Information

Capital United, LLC ("CapUnited") is a registered investment advisor. Registration does not imply a certain level of skill or training. The information provided on this website is for informational purposes only and does not constitute an offer to sell or a solicitation of an offer to buy any securities.

Any offer to purchase securities will be made only through a definitive offering memorandum, subscription agreement, and related documents, which will be provided to qualified investors and will contain important information about risks, fees, and expenses associated with an investment.

Performance Disclaimers

Past performance is not indicative of future results. There can be no assurance that any fund will achieve comparable pricing, discount levels, exit valuations, or returns. Modeled and projected performance figures are hypothetical and for illustrative purposes only. Actual results may differ materially from projections.

The illustrative performance scenarios and valuation examples herein are for informational purposes only and do not represent actual or projected returns. Investors may lose some or all of their investment.

Risk Factors

Investments in private equity and venture capital involve a high degree of risk, including the potential for complete loss of capital. These investments are illiquid and there is no guarantee that investors will be able to withdraw their capital or realize gains. Investments are suitable only for accredited investors who can bear the loss of their entire investment.

Cap-U Fuel Innovation 100 uses a different strategy (employee financing vs. direct equity investment) and has NO track record. Historical fund returns of Fuel Venture Capital do not predict Cap-U Fuel Innovation 100 results.

Third-Party Notice: Company names and logos referenced on this site are trademarks of their respective owners, used for illustrative purposes only. No endorsement, partnership, or affiliation is implied. Referenced companies have not reviewed or approved this presentation.

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