Our Team

ADMIRAL CAPITAL MANAGEMENT, LLC is the Fund Manager. John H. Upshur, CPA, MBA is the Managing Member of Admiral Capital.

John has well over thirty years of acquisition, and investment management experience. During this time, he has operated primarily as a principal investor having worked with and for both financial institutions and high-net worth individuals and families, including two bank-owned public company SBIC’s. John’s forte is in deal-making having completed literally dozens of mergers and acquisitions, sales and divestitures, as well as both control and minority investments over the past 30+ years. The large majority of these involved small businesses that are sometimes referred to as “microcap” (Revenues from $5mm to $25mm) companies. To complement his deal-making skills, John’s acknowledged expertise is in Valuation and Pricing, Financial Structuring and Negotiations, Due Diligence and Documentation. He also has been a successful small business owner and entrepreneur and is a seasoned executive in the areas of financial management, operations, consulting and public accounting. His operating experience includes filling the roles of Board Chairman, CEO, President, Chief Operating Officer, Chief Financial Officer and Senior VP-Marketing.

In an effort to put something back into the community, John, as a Certified Core Adjunct Professor, has taught both Graduate and Under-graduate courses in Finance and Accounting part-time at National University, the 2nd largest  (behind USC) private university in the state of California. He has been a noted guest lecturer and panelist at various professional organizations and symposiums, especially in Indian County where his specialty has been tribal economic diversification.  John earned his Master of Business Administration degree (with honors) from the University of Southern California, and Bachelors of Science in Business Administration degree from UC-Berkeley. He is a Certified Public Accountant licensed in California.

Richard J. Schaper, MBA, CMA – Senior Consultant

Richard joined FNCP in 2009 and is responsible for helping to source and then analyze new investment opportunities, including the conduct of marketing and outreach activities, preparation of financial and other models, performing due diligence investigations, helping to structure and underwrite deals, reporting and subsequent investment monitoring. Richard has made a career utilizing strategic assessments, market analysis and financial models to provide evidence based financial counsel to businesses, foundations, financial institutions, and banks. Academically, he is an Adjunct Professor at National University and at Point Loma University where he teaches Accounting and Finance. At Grossmont Community College he was chair of his department and teaches Business and Entrepreneurship.

Richard earned his Bachelor’s Degree in Financial Management at National University, where he graduated Magna Cum Laude, and an MBA from Arizona State University with a Certificate in Supply Chain Management. He is a Certified Management Accountant and previously had his Series 7 and 66 licenses.

Richard is currently on the board of the following organizations: Supervisory Committee, East County Schools Federal Credit Union; Director/Treasurer, KTR Claims Management; Budget Committee, Grossmont Community College; Institute of Management Accountants – Global Board – Diversity and Inclusion Committee; Institute of Management Accountants – President – San Diego Chapter.