RENN Fund, Inc. is a non-diversified, closed-end management investment company. The investment objective of the Fund is to provide its shareholders primarily with long-term capital appreciation by investing substantially in privately placed convertible and equity securities of emerging growth companies traded on the United States securities exchanges. The Fund seeks to achieve capital appreciation potential by investing in equity securities and convertible issues of small and medium size companies, which are in need of capital. It invests in various industries, including communication services; surgical and medical instruments and apparatus; services-business services; telecommunications; jewelry, silverware and plated ware; services-advertising; crude petroleum and natural gas, and other assets and liabilities. RENN Capital Group, Inc. (RENN Group) is the investment advisor of the Fund, which selects, evaluates, structures, valuates and administers the Fund's investment portfolio.