Registered Investment Adviser · Puerto Rico

For Capital That Looks Beyond Public Markets.

A Puerto Rico–based, state-registered investment adviser advising private equity and venture capital strategies for accredited investors.

Our Fund Strategies
Public · 506(c)
Cap-U Fuel Innovation 100
Pre-IPO Technology

Unlock discounted access to category-defining private companies by financing the employees who build them.Portfolio · Fund information · About Fuel

Explore Cap-U Fuel Innovation 100 Fuel disclosures & risk factors
Existing Investors
For Existing Investors
Private Strategies · By Relationship

Capital United also advises additional private equity and venture capital fund strategies under Rule 506(b). These strategies are not offered or solicited through this website; information is shared only with prospective investors who have a pre-existing, substantive relationship with Capital United. For account inquiries, fund reporting, or capital activity, please contact Investor Relations directly.

Contact Investor Relations →
4
Active Fund Strategies
5
State Registrations
100%
Independent State-RIA
100%
Accredited-Only Funds

Figures as of October 2026.

Our Heritage

Cross-Border Capital Meets Private Market Access

Capital United's founders, Scott Fuller and Bradford Stedem, co-founded EB5 United, an affiliated firm specializing in the EB-5 immigrant investor program. Since 2011, EB5 United has raised more than $2.3 billion in cross-border capital from foreign nationals (as of October 2026), deployed across U.S. real estate development projects.

That experience (building compliant, tax-efficient vehicles for international investors, operating across regulatory regimes, and sourcing institutional-quality deal flow) is the foundation Capital United is built on today.

$2.3B+
Cross-Border Capital Raised
2011
Operating Since
Global
Investor Network

Figures as of October 2026.

US RE
Development Projects
Scott Fuller
Scott Fuller
CEO & Founder
Bradford Stedem
Bradford Stedem
President & Founder

EB5 United is a separate legal entity from Capital United. Capital raised through EB5 United represents EB-5 immigrant investor program capital and is not indicative of investment performance or future results for any Capital United fund.

Leadership

Capital United Senior Partners

Deep backgrounds in investment management, real estate, finance, and cross-border capital markets.

Scott Fuller
Scott Fuller
CEO & Founder
Registered Investment Adviser
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Thirty-year career in real estate development and complex finance. Co-founder and Partner at EB5 United, where he has co-led the raising of $2.3B+ in cross-border capital since 2011, and Partner at Capital United. BA in Finance and Real Estate Finance, University of Oregon. Figures as of October 2026.

Bradford Stedem
Bradford Stedem
President & Founder
Registered Investment Adviser
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Co-founder and Partner at EB5 United, where he has co-led the raising of $2.3B+ in cross-border capital since 2011, and Partner at Capital United, leading investment oversight. Previously consulted for BlackRock and served on the executive team at Pali Group. BA, Boston College. MBA, UCLA Anderson. Figures as of October 2026.

Andy Childs
Andy Childs
CCO & CFO
Registered Investment Adviser
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Ten years in private equity and cross-border finance. Former CFO of Soho House North America, Conduit Transition SPAC ($150M), and Sustainable Credit Partners. BA in Business Economics.

Duncan Fuller
Duncan Fuller
Partner, Business Development
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General Partner at Capital United and Global Sales at EB5 United, where he has contributed to over $1 billion in EB-5 capital raised. Previously at Holland Partner Group, a multifamily developer with over $20B in transaction volume. Figures as of October 2026.

Brennan Sim
Brennan Sim
Global Sales
Registered Investment Adviser
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In the EB-5 industry since 2013. Operated an EB-5 Regional Center for five years before joining EB5 United in 2018, where he has since helped raise over $1.1 billion in EB-5 capital. Figures as of October 2026.

Tom Martin
Tom Martin
Chief Operating Officer
Registered Investment Adviser
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Leads operations, compliance, due diligence, and project management across EB5 United. Over a decade leading an EB-5 consulting practice across thousands of projects.

Tiffany Winkles
Tiffany Winkles, CPA
Investor Relations
Registered Investment Adviser
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Leads accounting, financial reporting, and investor relations across Capital United, including offering documents and escrow management at the company and project level.

About
Capital United

Private Equity & Venture Capital Strategies. Built for Accredited Investors.

Firm
Capital United, LLC
CRD Number
Headquarters
San Juan, Puerto Rico
Registered In
PR FL OR WI NJ
Who We Are

Capital United, LLC ("CapU") is a state-registered investment adviser with its principal place of business in Puerto Rico (CRD #285616), registered as an investment adviser in Puerto Rico, Florida, New Jersey, Oregon, and Wisconsin. Capital United advises private equity and venture capital fund strategies offered exclusively to accredited investors in private placements exempt from registration under the Securities Act of 1933. Capital United's Puerto Rico domicile and operations may be relevant to investors evaluating Puerto Rico Act 60 planning, which depends on individual circumstances and should be discussed with qualified tax and legal advisors.

Our Public Strategy

Our publicly offered strategy is Cap-U Fuel Innovation 100, a private fund that targets a portfolio of 40–50 late-stage private technology companies selected from an approximately 100-company underwriting universe through the financing of employee stock-option exercises. Portfolio size is a target and may not be achieved. Fuel Innovation 100 is offered under Rule 506(c) of Regulation D; participation is limited to investors whose accredited status has been verified in accordance with the rule prior to subscription.

Our Private Strategies

Capital United also advises additional private equity and venture capital fund strategies offered under Rule 506(b) of Regulation D. Those strategies are not offered or solicited through this website; information is made available only to prospective investors with whom Capital United has a pre-existing, substantive relationship, through direct outreach by Capital United Investor Relations and in accordance with the conditions of Rule 506(b).

Governing Documents

The investment objectives, strategy, fees, conflicts of interest, and material risks of each Capital United fund are described in its Private Placement Memorandum, Limited Partnership Agreement, and subscription documents, which govern any investment.

Important: Registration as an investment adviser does not imply a certain level of skill or training. This page is for informational purposes only and does not constitute an offer to sell or a solicitation of an offer to buy any security.
Our Service Providers

Legal and Tax Advisors

Capital United works with established firms across legal counsel, tax advisory, and fund administration to support our funds and investors.

Legal Counsel
Bios Law LLP Marichal Hernández LLC Maynard Nexsen LLP
Tax Auditors / Accountants
Driven Tax Advisors
Tax Administrator
Carta
Marichal Hernández Maynard Nexsen

Service providers listed are independent third parties engaged by Capital United and/or its affiliated funds. Listing does not constitute affiliation with, endorsement of, or sponsorship by the firms named. Engagements are subject to change.

Speak With Our Team

For accredited investor inquiries and information about our publicly available 506(c) offering.

Contact Capital United
Direct Contact
Andy Childs
CCO & CFO
Office
258 San Agustin, Apartment G
Puerta de Tierra, San Juan, PR 00901
Get In Touch
Not an offer. This page is for informational purposes only and does not constitute an offer to sell, or a solicitation of an offer to buy, any security. Capital United fund offerings are made only through the relevant Private Placement Memorandum and subscription documents for the applicable fund. Capital United funds offered under Rule 506(b) of Regulation D are made available only to prospective investors with whom Capital United has a pre-existing, substantive relationship and are not solicited through this website or this form.