RENN Fund, Inc.

Renaissance Capital Growth & Income Fund III, Inc. operates as a closed-end investment fund and business development company. The entity seeks to generate long-term capital appreciation and shareholder returns by investing primarily in privately placed convertible debt and equity securities of emerging growth companies. Its investment strategy utilizes a bottom-up approach without industry restrictions, acquiring convertible preferred shares, debentures, common stock, and bridge financing directly from portfolio companies or purchasing micro-cap shares through open markets. The fund also offers managerial guidance to businesses in its portfolio.

The fund maintains a diversified portfolio of investments, having actively held positions in thirty portfolio companies at year-end. Its investments primarily focus on domestic businesses that are domiciled or publicly traded in the United States, alongside select international interests in China and Canada. The fund is incorporated under the laws of the State of Texas, and its administrative operations and investments are managed by RENN Capital Group, Inc.

Summary of the business section of RENN Fund's latest annual report, written by StockData.

“RENN Group had eleven employees engaged in performing the duties and functions required by the Fund.”