Staff | Board of Directors 

Staff

President and Chief Executive Officer

(July 1998—present)

Click HERE to Email Steve Mercil

Mr. Mercil, President and CEO, oversees all activities at RAIN Source Capital and is responsible for building its portfolio. He has over 20 years experience in small business finance including structuring and negotiating transactions for manufacturing and technology companies. He served nine months as interim CEO of one of Minnesota Investment Network’s portfolio companies. As the Equity Fund Manager of Minnesota Technology, Inc., Mr. Mercil was responsible for the development and launching of the equity fund. As a result of his eight-year tenure as President of Crookston Jobs, Inc. and Executive Director of Crookston EDA, he has a proven track record with business development and finance for small to medium-size companies in rural Minnesota. Mr. Mercil holds a BS degree in Biology and MS in Education Statistics and Measurement from the University of North Dakota. Learn more about Steve Mercil ...

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Chief Financial Officer

(July 2005—present)

Click HERE to Email Peter Birkeland

Mr. Birkeland, Chief Financial Officer, is responsible for managing the financial reporting and accounting for RAIN Source Capital and coordinating the support functions to the RAIN Funds.  Mr. Birkeland also works on due diligence tasks for RAIN Fund Investments.  Previously, Mr. Birkeland was the CFO for Minnesota Research Fund, a technology transfer firm.   He was responsible for the fund’s financial functions as well as serving as CFO of selected Minnesota Research Fund portfolio companies.  Mr. Birkeland has worked as an independent consultant to emerging companies, for Accenture in new business development and Arthur Andersen in the tax practice.  He is a CPA and holds a BS in Finance from Southern Methodist University in Dallas, TX. Learn more about Peter Birkeland ...

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