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TRP Capital Partners Fund Logo

leaders in transportation investing

TRP Capital Partners

TRP Capital Partners ("TRP") seeks to make growth oriented investments in the transportation sector.  TRP capitalizes on its strategic relationships, commercial synergies, and the transportation expertise of its partners and affiliates. 

TRP's philosophy is to support existing management teams while giving them autonomy to run the business.  TRP's principals have 100+ years of transportation-related investment experience. 

Unique investment platform that leverages strategic investor capabilities and a broad industry network

The TRP Advantage

leaders in the transportation industry
extensive deal sourcing network
100+ Years  transportation investment 
Unique Ability to add value to support growth of investments 
unmatched industry relationships
attractive  track record

TRP Capital Team

David Mitchell
Managing Director

Prior to joining TRP, David R. Mitchell spent 12 years in management consulting including experience as a Senior Manager with Deloitte Consulting in the automotive and manufacturing practice, and a Senior Consultant with Accenture. Dave holds a BS degree in Chemical Engineering from the University of Notre Dame and an MBA from the Stanford University Graduate School of Business.

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Steven Carrel
Managing Director

Steven G. Carrel joined TRP in July 2004. Before joining TRP, Steve worked as an Associate at Penske Capital Partners, TRP's predecessor fund, from 1998 through 2002. Prior to his work at Penske Capital Partners, Steve worked as an analyst in the Investment Banking Division of Merrill Lynch. Steve earned his B.S. in Finance from the Pennsylvania State University and his MBA from the Harvard Graduate School of Business.

Michael DiRienzo
Managing Director

Michael A. DiRienzo joined TRP in July 2003. Prior to joining TRP, he was an Analyst in the Global Communications, Media and Technology Investment Banking Group at Merrill Lynch. Michael graduated from the Stern School of Business at New York University with a bachelor's degree in both Finance and Accounting.

Michael Vellucci
Managing Director

Michael F. Vellucci joined TRP in February 2010. Prior to joining TRP, he worked in General Electric's Financial Management Program. Michael graduated Summa Cum Laude from the Robert H. Smith School of Business at the University of Maryland with a bachelor's degree in both Finance and Accounting.

James Hislop
Managing Director

James A. Hislop is a Managing Director of TRP. Jim was formerly a Managing Director in the Investment Banking Division of Merrill Lynch. Outside of TRP, Jim is the Vice Chairman of the New York Chapter of Lumen Institute.

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Joe Leger
Vice President

Joe Leger joined TRP in January 2020. Prior to joining TRP, he worked as an Associate for Baird in their investment banking division.  Joe graduated with honors from Michigan State University with a bachelor's degree in Finance.

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Ben Aronovitz
Senior Associate

Benjamin I. Aronovitz joined TRP in May 2023. Prior to joining TRP, he worked as a Private Equity Associate at both Vopne Capital and Dunes Point Capital. In addition, Ben worked as an Analyst in the Investment Banking Group at both Houlihan Lokey and Wells Fargo Securities. Benjamin graduated from the University of Michigan with a bachelor's degree in Political Science and a master’s degree in Accounting.

Karen Supina

Karen A. Supina has been working with TRP since 2003. In addition to her work at TRP, she was the Assistant Controller of Penske Corporation from 2003 to 2006. Prior to her work at Penske Corporation, she worked for Deloitte & Touch LLP, where she earned her license as a Certified Public Accountant. Karen graduated from Central Michigan University with a bachelor’s degree in Accounting.

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Kaylie Ayres

Kaylie joined TRP in August 2020. Prior to joining TRP, she worked as a Commercial Credit Analyst at Park National Bank in Columbus, OH. Kaylie graduated summa cum laude from Franklin University with a B.S. majoring in Finance. She received a Specialized Master in Business-Finance from the Fisher College of Business at The Ohio State University. 

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Nicholas Penske

Nicholas W. Penske joined TRP in October 2021. Prior to joining TRP, Nick worked as an analyst at Hudson Pacific Properties in Los Angeles. Nick graduated from the School of Arts & Sciences at Cornell University with a bachelor’s degree in Government and a minor in Law.

Contact Us

TRP Office:

380 N Old Woodward Ave, Suite 205
Birmingham, Michigan 48009


For any inquiries, or to speak to us about an investment opportunity, please fill out the form below, or contact a member of our team

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