MACC Private Equities Inc. is a business development company. The Company has one direct wholly owned subsidiary, MorAmerica Capital Corporation (MorAmerica). The Company’s portfolio portfolio securities of MACC consist primarily of securities issued by small, privately held companies. It also consists of securities acquired from the issuers in private transactions. The Company will focus on equity investments in smaller company growth stocks. Eudaimonia Asset Management, LLC (EAM) is the investment advisor of the Company.