 After retirement, Kelley earned an MBA at Stanford.He is a co-founder of Search Fund Partners, having started the firm in 2004.He currently serves on the Boards of Directors of San Francisco Legal, Avadyne Health, HemaSource, Verengo, H&R Accounts, Asset Recovery Corporation and Medical Positioning, Inc.

Kelley has been involved in numerous small businesses and start-up companies as an operator, owner, and investor.