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Our tenure and approach to talent development offers a stable, consistent approach to evaluating each opportunity. We listen and learn, making an investment in people before making an investment in the company. Learn more about us below.
Partner
B. Douglas Phillips (Doug) is currently a Partner and Investment Committee member of PNC Mezzanine Capital. He joined PNC MC in 2002 as an Associate and has been a Partner and Investment Committee member since 2016. Prior to joining PNC MC, Doug was an analyst in the Leveraged Capital Group with Wachovia Securities from 1999-2002, where he specialized in financial sponsor transactions. Doug received a BA in Government from Harvard University in 1999 and an MBA from the Kenan-Flagler Graduate School of Business at the University of North Carolina in 2007 where he was inducted into the Beta Gamma Sigma honorary business society.
Partner
Robert Codol is currently a Partner and Investment Committee member of PNC Mezzanine Capital. He joined PNC MC in 2007 as a Senior Associate and has been a Partner and Investment Committee member since 2022. Prior to joining PNC MC, Robert was an Analyst for the Sterling Group, L.P., where he evaluated and executed leveraged buyout investments in middle market industrial companies. Before Sterling, Robert was an Associate Consultant for L.E.K. Consulting LLC where he provided strategic and operations advisory services to a broad range of clients. Robert received a BA in Economics from Northwestern University in 2000 and an MBA from the University of Chicago Booth School of Business where he graduated with High Honors.
Managing Director
Michael Venditti is currently a Managing Director and Investment Committee member of PNC Mezzanine Capital. He joined PNC MC in 2011 as an Associate and has been a Managing Director since 2022. Prior to joining PNC MC, Michael was an Associate at Bacchus Capital Management, LLC, a private equity firm focusing on the wine industry. Additionally, Michael was an Analyst at Gordian Group, LLC, a boutique investment bank providing M&A and advisory services for distressed and complex situations across a broad range of industries. Michael received a BS in Business Administration from Georgetown University in 2009 and an MBA from the Tepper School of Business at Carnegie Mellon University.
Managing Director
Ryan Richardson is currently a Managing Director of PNC Mezzanine Capital. He joined PNC MC in 2022 as a Vice President and has been a Managing Director since the beginning of 2026. Prior to joining PNC MC, Ryan was a Vice President within Piper Sandler's diversified industrials & services investment banking group. Additionally, Ryan was part of BB&T Capital Markets and JP Morgan's investment banking groups, serving companies across a range of industries including specialty distribution, services, manufacturing, and building products. Prior to banking, Ryan worked in the data analytics field. Ryan received a BS in Finance from University of Pittsburgh and an MBA from the Tepper School of Business at Carnegie Mellon University.
Vice President
Luke Pleta is currently a Vice President of PNC Mezzanine Capital. He joined PNC MC in 2020 as an Associate and has been a Vice President since the beginning of 2026. Prior to joining PNC MC, Luke was an Associate with the Lenox Group focusing on M&A in the lower middle market. Previously, Luke worked as a Consultant with Deloitte and an Analyst with Morgan Stanley. Luke received a BS in Business Administration from California University of Pennsylvania, a Specialized Master's in Finance from The Ohio State University, and an MBA from the Kenan-Flagler Graduate School of Business at the University of North Carolina.
Vice President, Business Development
William (Bill) Elchik is currently a Vice President of Business Development of PNC Mezzanine Capital. Bill joined PNC MC in 2021. Prior to joining, Bill was an Account Manager with Covestro LLC, focusing on business development and sales to niche manufacturing firms in the polyurethane industry. Bill received a BS in Finance and Interdisciplinary Business with Engineering Studies from The Pennsylvania State University - Erie and an MBA from the Katz Graduate School of Business at The University of Pittsburgh.
Analyst
Dan joined PNC Mezzanine Capital in 2026. Prior to joining, Dan was a Corporate Development Analyst at Alcoa Corporation, focusing on M&A opportunities within the aluminum space. Previously, Dan was a Financial Analyst in Alcoa’s Finance Leadership Development Program, where he rotated through various departments such as Strategic Finance and Internal Audit.
Dan received a BS in Accounting and Business Information Systems from the University of Pittsburgh. Dan holds an active CPA license.
David founded PNC Mezzanine Capital in 1989. Previously, David was a founding member and later president of White River Capital, a bank-affiliated private equity fund and was a commercial banking officer at Manufacturers Hanover Trust Co.
David was previously a director of ABP, Brandt, C-P Flexible Packaging, DeVlieg-Bullard, Evercast Concrete, Global Promo Group, Pet Partners, S.R. Smith, Stampede Meat, Stiffel, Test Equity, Weasler Engineering Co. and Wheaton Industries.
David received a BA in economics from Williams College and an MBA from the Darden Graduate School of Business Administration at the University of Virginia.
Michele joined PNC Mezzanine Capital in 1993. Michele is responsible for office management and project support and coordinates all PNC Mezzanine Capital's day to day activities.
Michele received an A.A. degree in Business Administration from Bradford Business School.
Lou joined PNC Mezzanine Capital as Controller in 2021. Lou has been with PNC Bank for 24 years and has 29 years of banking and financial services experience. Prior to PNC Lou worked as a fund accountant at Federated Investors.
Lou received a Bachelor of Arts in Accounting from Washington and Jefferson College.
