Company Description (as filed with the SEC)
Renaissance Capital Growth & Income Fund III, Inc., (the “Fund” or the
“Registrant”) is a non-diversified, closed-end fund that has elected to be
treated as a business development company (a “BDC”) under the Investment Company
Act of 1940, as amended (the “1940 Act”). The Fund, a Texas corporation, was
organized and commenced operations in 1994.
The investment objective of the Fund is to provide its stockholders long-term
capital appreciation by investing in primarily privately placed convertible
securities and equity securities of emerging growth companies.
RENN Capital Group, Inc. (“RENN Group” or the “Investment Adviser”), a Texas
corporation, serves as the Investment Adviser to the Fund. In this capacity,
RENN Group is primarily responsible for the selection, evaluation, structure,
valuation, and administration of the Fund’s investment portfolio, subject to the
supervision of the Board of Directors. ... More ...