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Attributes
The Fund targets investments in rapidly growing manufacturing and technology companies with revenue typically in excess of $1.0 million and equity valuations typically less than $25 million. Each investment is selected after a critical review of a myriad of factors, including the strength and execution skills of management, the size and relative dominance of the company within its industry and the markets it serves, distinct competitive advantages and opportunities for accelerated growth, and strength of management information systems and financial controls. The Fund aggressively pursues those best-of-breed companies that are executing on their business plan and possess a well-thought-out path to profitability. The Fund primarily targets investments in a diversified portfolio of companies whose industries may broadly include:
The Fund's investment focus reflects the fact that the Principals have been extensively involved in either financings for or acting as consultants to The Fund's investment focus reflects the fact that the Principals have been extensively involved in either financings for or acting as consultatns to companies in these industries throughout their careers. The Fund may occasionally invest in other types of innovative product or service companies with high growth potential. In addition, the Fund may consider investments in companies in other industries in situations in which (a) Fund Advisor members possess the industry expertise necessary to effectively evaluate the potential of such investment candidates, or (b) a co-investment opportunity is presented to the Fund by another fund or other qualified investor with expertise in the industry in which the investment candidate operates. Under SBA regulations, the Fund will be restricted from investing in companies whose principal business is re-lending or re-investing (e.g., investment firms, leasing companies, banks); many kinds of real estate projects; single purpose projects; offshore businesses; passive businesses; and businesses using 50% or more of the funds to buy goods or services from an associated supplier. In addition, regardless of the industries in which they operate, the Fund expects that portfolio companies will share one or more of the following characteristics:
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