"Moneyapolis" it used to be called, does the term still apply today?

St Paul-based RAIN Source Capital operates 23 funds across Montana, Idaho, Iowa, South Dakota, North Dakota, Washington and Oregon; that's a lot of territory. They're funding 15-20 deals a year out of the 1,000 applications they receive. This is some operation! Even so, CFO Peter Birkeland points out "deal flow can be lumpy".

Show #270 (32:04) Listen