Rahal Letterman Lanigan Racing, based in Zionsville, Ind., is co-owned by three-time IndyCar Champion and 1986 Indianapolis 500 winner Bobby Rahal, former CBS Late Show host David Letterman and Mi-Jack co-owner Mike Lanigan. In 2024, the team will compete in its 33rd year of competition and will attempt to add to its 30 Indy car wins – including the 2004 Indy 500 from pole with Buddy Rice and the 2020 Indy 500 with Takuma Sato -- their 37 poles, 111 podium finishes and 1992 series championship. The team also competed in the American Le Mans Series from 2009-2013 as BMW Team RLL where they won both the Manufacturer and Team Championships in the GT category in 2010 and swept all three GT titles in 2011 - Manufacturer, Team and Driver. In 2012, the team finished second in the Team Championship and third in the Manufacturer Championship and in 2013, the team finished second in the Driver, Team and Manufacturer Championship. From 2014 to 2021, BMW Team RLL competed in the GTLM class of the IMSA WeatherTech SportsCar Championship with a two-car program. In 2022, BMW M Team RLL competed in the GTD PRO class in IMSA while simultaneously ramping up for a two-car program in the much-anticipated GTP class in IMSA for 2023. In total, the team has earned 23 wins – including the 2019 and 2020 Rolex 24 at Daytona endurance races, 30 poles and 101 podium finishes prior to the start of the 2024 season. BMW M Team RLL highlights also include second-place finishes in the Manufacturer, Team and Driver championships in 2015 and 2017 and being named the 2020 Michelin North American Endurance Champions.

Bullpen Capital invests in post-seed companies that have achieved product-market fit, but have not yet proven sufficient market scalability to raise a major VC round. We invest in companies that have an operational plan to hit big milestones within a 12-month period, and we work closely with the companies in our portfolio to develop this early traction into large, sustainable businesses. Seed financing is now more of a process than an event, with multiple rounds of investment layered into the early stages of startup companies. The "post-seed"​ stage is often the inflection point of value, the last lean money in before a “super-sized” A round. Bullpen’s strategy aims to provide leverage for founding teams, who can minimize dilution to maintain ownership and control of their companies, while retaining the option of choosing either a quick acquisition or raising major growth capital to go for a big win.

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