Who We Are

Institutional capital for the companies that build the middle market.

Thornrock is a boutique investment bank and capital advisory firm. We help companies raise capital from the institutional market — and negotiate it on their terms.

$1B+Aggregate transaction value
5,000+Investors and lenders in our network
50+ yrsCombined capital markets experience
James Nguyen speaking at a conference

Why we exist

The middle market is the engine of the American economy, yet the companies that power it are often left to find capital on their own. The lender market has never been bigger, or harder to navigate. Hundreds of funds, banks and specialty lenders, each with a different appetite, and the structure matters as much as the lender. It shouldn't be this hard to finance the growth of our companies. That's why I founded Thornrock.

James Nguyen

Capital is everywhere. Access is not.

Thornrock
What We Do

An advisor on your side of the table.

Thornrock is not a lender. We represent the company — preparing it for institutional capital, running a confidential placement process, and negotiating terms on its behalf.

See our three-step process
Practice areas
PRIMARY FOCUS

Debt & Structured Capital Advisory

City skyline across a harbor

Growth & Private Capital

Downtown skyline above a park

M&A & Strategic Advisory

Skyline seen through trees

Merchant Banking

How We Operate

Our values

  1. 01

    The client comes first

    We represent the company, not the lender. Every recommendation is made from your side of the table.

  2. 02

    Confidential by default

    Your information goes only where you approve, and only under NDA.

  3. 03

    The right lender, not just any lender

    We match your plan to the lenders built for it, so the terms fit how your business actually runs.

  4. 04

    Straight answers

    We tell you what the market will support — even when it isn't what you hoped to hear.

  5. 05

    An owner's perspective

    Our team has built and run companies. We advise the way we would want to be advised.

Our People

Our team

James Nguyen

James Nguyen

Managing Partner

James Nguyen is a serial entrepreneur who has started and scaled multiple profitable companies, consistently building to strong profitability without relying on external debt and sustaining financial discipline across a range of economic cycles. That track record of building, financing, and running businesses now shapes how he originates and structures every mandate at Thornrock. Earlier in his career, he was a Partner with an alternative finance and venture capital conference series, working directly with fund managers, institutional allocators, and limited partners on capital formation and investor relationships. He holds Series 7 and Series 63 licenses.

His core focus areas include:

  • Growth & Private Capital Placements
  • Principal Partnerships
  • Capital Structure & Deal Origination
  • Sponsor, Lender & Institutional Investor Relationships
  • Founder & Owner-Operator Advisory

Thornrock's origination-first model reflects that same experience across the team: every professional involved in a mandate has started and run a founder-led company of their own, and that firsthand perspective shapes how deals are originated, structured, and brought to close — pairing relationship-driven origination with the closing discipline of senior investment banking professionals engaged on a per-transaction basis.

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RJ Mollen

RJ Mollen

Strategic Advisor – Investment Banking & Capital Markets

RJ Mollen is a global investment banking and capital markets executive with nearly 30 years of experience advising companies, founders, institutional investors, family offices, and strategic investors on capital raising, M&A, growth strategy, and cross-border transactions. His work has spanned 40+ countries and multiple financial centers, connecting businesses with institutional and private sources of capital.

His core expertise encompasses:

  • Middle Market $50M-$500M Capital Raises
  • Mergers & Acquisitions
  • Institutional & Private Capital
  • Private Equity & Family Office Relationships
  • Cross-Border & Multi-Jurisdictional Transactions
  • Growth & Expansion Capital
  • Strategic Partnerships & Corporate Development
  • Capital Structure & Transaction Advisory
  • Exit, Succession & Liquidity Planning
  • Global Investor & Business Development

Over the course of his career, RJ has been involved in billions of dollars in capital and transaction activity, working across a global network that has extended to more than 40 countries. His advisory work has included capital strategies for growth-stage and middle-market companies, as well as larger and more complex transactions involving multiple investors, strategic counterparties, and financing sources.

Michael Le

Michael Le

Strategic Advisor – Capital Formation & Deal Execution

Michael Le is an entrepreneur, investor, and dealmaker with extensive experience forming, capitalizing, and executing private investment opportunities. As a principal, Michael has spent years on the issuer side of the table—developing investment opportunities, structuring transactions, building investor relationships, raising private capital, and deploying that capital to close and execute deals. His commercial real estate ventures have represented more than $346.7 million in SEC-reported private offerings, reflecting a substantial track record of bringing together opportunities, investors, partners, and capital.

His core expertise encompasses:

  • Principal-Side Capital Formation
  • Deal Origination & Execution
  • Investor & Sponsor Relationships
  • Investment Structuring
  • Equity & Joint Venture Capital
  • Investment Positioning & Deal Strategy
  • Strategic Partnerships
  • Negotiation & Transaction Execution
  • Real Estate & Alternative Investments
  • Owner-Operator & Entrepreneurial Strategy

Before his entry in CRE, Michael built and operated an IT consulting company serving Fortune 500 companies in the energy and financial sectors. That combination of operating, investing, and principal-side capital formation experience gives him a practical perspective on both sides of the equation: what a business needs from capital and what an investor needs to see before providing it.

Bryann Cabral

Bryann Cabral

Strategic Advisor

Bryann brings a proven track record in business development, M&A, and capital raising. He has scaled multiple companies to seven figures and generated over $80 million in revenue, while facilitating more than $35 million in transactions for partners earlier in his career. Leveraging deep financial acumen and strategic insight, Bryann guides clients through complex capital markets, designing tailored strategies that secure capital and accelerate growth. Drawing on the guidance of experienced mentors, he plays a central role in positioning Thornrock as a transformative force in the financial industry, driving transaction success and long-term value creation.

Bryann leverages his extensive background in M&A and capital raising to guide clients through the complexities of the financial landscape. His collaboration with seasoned mentors has equipped him with invaluable skills and insights, enabling him to craft tailored strategies that deliver results.

Bryann's innovative approach and tactical expertise are pivotal in helping clients secure capital and achieve sustainable growth. His commitment to transforming traditional financial models positions Thornrock as a dynamic force in the industry, dedicated to driving transaction success and fostering long-term partnerships. With Bryann on the team, Thornrock continues to reshape the financial landscape, unlocking new opportunities for diverse companies.

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