| Business Summary | | MACC
Private
Equities
Inc.
is
a
business
development
company
(BDC)
with
one
direct
wholly
owned
subsidiary,
MorAmerica
Capital
Corporation.
MorAmerica
Capital
comprises
approximately
99%
of
the
Company's
assets.
MorAmerica
Capital
has
been
licensed
as
a
small
business
investment
company
and
has
elected
treatment
as
a
BDC.
During
fiscal
2000,
the
Company
made
total
investments
of
$13.8
million
in
13
new
portfolio
companies
and
follow-on
investments
in
13
existing
portfolio
companies.
The
Company's
investment-level
objectives
on
a
consolidated
basis
call
for
new
and
follow-on
investments
of
approximately
$13
million
during
fiscal
2001. | More
from
Market Guide: Expanded
Business Description |
| Financial Summary | | MACC
Private
Equities
Inc.
is
qualified
as
a
business
development
company
under
the
Investment
Company
Act
of
1940
and
is
principally
engaged
in
the
investment
in
small
businesses.
For
the
nine
months
ended
6/30/01,
total
income
totalled
$2.5
million.
Net
loss
on
investments
totalled
$3.1
million.
Net
change
in
assets
from
operations
totalled
$3.2
million.
Net
assets
per
share
remained
flat
at
$9.92
on
June
30,
2001. | More
from
Market Guide: Significant
Developments |
| | |
| Position | Paul Bass, Jr., 65 | Chairman | David Schroder, 57 | Pres,
Sec. | Robert Comey, 54 | Exec.
VP, Treasurer | Kevin Mullane, 45 | Sr.
VP |
| More
from
Market Guide on Officers & Directors: Expanded
List, Bios,
Compensation,
Options
|
|