Founder of Advance Partners
A third-generation entrepreneur, Joel Adelman was inspired at a young age to cultivate business from the ground up. His career is reflective of an enduring focus to drive growth in ways that build wealth, community, and economic gain for those around him.
Mr. Adelman founded Advance Partners in April 1998 to bring funding, technology, and advisory services to thousands of underserved small businesses in the staffing market. In two decades, the company has grown to over 170 employees and lent over $15 billion in working capital, enabling small players in an ever-evolving industry to hire and process over 200,000 temporary positions each year.
This work has earned Mr. Adelman the prestigious title of 2013 Ernst & Young Entrepreneur of the Year.
In 2015, Mr. Adelman sold Advance Partners to Paychex Inc. In a move that allowed the company to further expand without compromising its mission, structure, and culture. After leading a successful transition as a senior executive, he recently stepped down to broaden his investments through his newest venture, AdCap Management. He will continue to serve Advance Partners as a consulting advisor.
In his role as the President & CEO of AdCap, Mr. Adelman will draw from his experience as an “entrepreneur serving entrepreneurs” to fund viable, established companies with operating circumstances that don’t meet the strict requirements of conventional lending.
Mr. Adelman is the incoming chairman of YPO Family Office Principal Group (FOPG). He has also served as President of Young Presidents’ Organization (YPO) and has served on several boards and committees including University Hospitals Case Medical Center, Cleveland Museum of Art, Hawken School, Rainbow Babies & Children’s Hospital and Park Synagogue.