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

Who We Are

Capital United is a private equity platform built by the team behind EB5 United, one of the largest EB-5 immigration investment firms in the United States. Since 2011, our principals have raised and deployed over $2 billion in equity and debt across major real estate and development projects nationwide.

That history gave us two things most emerging managers don't have: a proven track record in complex, tax-structured investment deals, and a deep network of high net worth individuals and family offices who already know us and are looking for their next opportunity.


Our Approach

Capital United exists to do one thing well: amplify private equity returns by combining government tax incentives with institutional deal access, and deliver both to an investor base that's already in place.

Puerto Rico offers some of the most aggressive tax incentives anywhere in the U.S. system. Under Act 60, qualifying fund investments receive a 60% upfront tax deduction on invested capital. Eligible investment income is 100% tax-exempt for bona fide residents. Tourism tax credits can cover 30–40% of qualifying project costs. Nearly 98% of the island qualifies as an Opportunity Zone. Property tax abatements run up to ten years. These aren't theoretical — they directly reduce the amount of risk capital a project needs to break even, and they compound returns in ways that mainland-only structures can't match.

We built our fund architecture to capture those incentives at scale. The CapU PE Series Fund is domiciled in Puerto Rico and structured so that on-island investors get the full Act 60 benefit, while mainland investors receive equitable after-tax treatment through a catch-up mechanism and C-Corp blocker that converts ordinary income to long-term capital gains. The modeled result: after-tax IRR uplift of 650+ basis points for PR investors and 700+ for mainland investors versus a comparable non-PR fund structure.

Alongside the Series Fund, the Capital United Global Access Fund is a Delaware-based vehicle that removes Puerto Rico's 60/40 allocation requirement entirely. This is where we house mainland and global strategies — venture, growth equity, and other opportunities for qualified purchasers — without routing every dollar through island compliance. Together, the two funds let us offer Puerto Rico's tax advantages where they apply and unconstrained deal flow where they don't.


Why We Can Do This

Most first-time funds spend their first years just trying to build a pipeline of qualified investors. We started with one.

Through EB5 United, our team has spent over a decade working with accredited and institutional investors across international markets. That community — built through $2 billion in completed transactions — is the foundation Capital United is built on. We move faster on capital commitments, negotiate from a position of scale, and access deal flow that typically requires a longer track record to see.

Our investor base is our leverage. The relationships are already there. The capital interest is already there. What Capital United adds is a structure purpose-built to turn government incentives and institutional deal access into higher-yield outcomes for the people who trust us with their money.

For accredited and qualified investors only.

Investment Strategies

Four 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

Puerto Rico series fund blending Act 60 tax advantages (60%) with U.S. mainland and global deal access (40%).

Minimum Commitment $250,000
Fund Term 5 Years
Management Fee 2% / 1%
PR Allocation 60% Minimum
U.S. Mainland / Global Up to 40%
EB-5 Series Investment

CapU Series I — Casa Lucera

Private membership club in San Juan, Puerto Rico. HUA TEA project with 10% visa set-asides.

Minimum Investment $800,000
Target EB-5 Raise $9MM
Maximum EB-5 Raise $16MM
Total Project Cost $36MM
EB-5 Repayment ~4 Years
Late-Stage Pre-IPO Venture

CapU 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
Digital Asset Access Fund

50T CapU Series Fund

Growth-stage digital asset equity through 50T Fund L.P., the leading blockchain-focused PE firm.

Partner AUM $2Bn
Portfolio Companies 24 (Funds I–IV)
Strategy Growth Equity
Sector Focus Digital Assets / Blockchain
Board Seats 13 Across Portfolio
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.

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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

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

U.S. Mainland Investor

Hypothetical
+700
BPS IRR Uplift vs. Non-PR PE
Hypothetical
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.

BS

Brennan Sim

Global Sales

In the EB-5 industry since 2013, with involvement in projects raising over $1.1B in EB-5 capital. Operated a Regional Center for 5 years before joining EB5 United in 2018. BS in Finance & MBA, University of South Alabama.

TM

Tom Martin

Chief Operating Officer

Oversees operations, compliance, due diligence, and project management at EB5 United. Over a decade leading an EB-5 consulting practice, guiding thousands of projects. BS Brigham Young University.

TW

Tiffany M. Winkles, CPA

Chief Financial Officer & Head of Investor Relations

Oversees accounting and financial reporting at company and project level, including offering documents, I-526E applications, and escrow management. Also CFO & CCO of Capital United, LLC. BA in Business Administration & Economics, Pacific University.

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.

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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.

Nothing on this website constitutes tax, legal, investment, or immigration advice. All content is for informational purposes only. Prospective investors should consult their own tax, legal, financial, and immigration advisors before making any investment decisions. Forward-looking statements on this site are based on current expectations and assumptions and are subject to risks and uncertainties that could cause actual results to differ materially.

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.

Immigration Disclaimer: For EB-5 offerings, an investment does not guarantee approval of any immigration petition, visa issuance, or permanent residency. Immigration outcomes are determined solely by USCIS and are subject to regulatory requirements, processing timelines, and adjudicatory discretion beyond the control of the fund or its sponsors. EB-5 program requirements are subject to change by legislation or regulation. Capital United does not provide immigration legal advice. Prospective investors should consult qualified immigration counsel.

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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